Credit Score


Credit Score

Check Your Credit Rating – Your credit score will have a huge impact on what type of property you can buy and at what price.

There are several free credit reporting services online. Credit scores range between 400 and 800. 620 + is considered “good”; 680 + is considered “premium” and may possibly help get you a lower interest rate. Your lender will also check your credit. If applying at several banks or mortgage companies, please ask if they use soft hits, so as not to lower your score with too many inquiries.

Ask your lender how to improve your credit score if you need to. You must be diligent in your efforts, if you truly want to own the home of your dreams.

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