Currently viewing the tag: "credit report"
When you see the word DISPUTE on a credit report, you have an instant stopper in closing on your home. Sure, you may have a 740 credit score and have followed all the tips to keep your credit looking fantastic, but the devastation of a dispute isn’t as widely recognized. Why does a dispute on your credit report matter? Read on….
[ November 18, 2010; 6:30 pm to 8:00 pm. ] Join us for a very informative FREE 90 minute home-buying course where you will learn everything you need to know about buying your first home. We’ll show you the importance of getting Pre-Approved for a Loan, how to Search for Properties Online, and how to become an Expert Negotiator in the process plus leave with a copy of your credit report!
It’s no secret that good credit scores are needed to get a mortgage. It’s also no secret that the definition of a good credit report has changed dramatically in the last couple of years, which unfortunately has made it harder for many to qualify for lending. These are the five components that we explain to clients while reviewing their credit report with them:
There are a number of steps that should be taken BEFORE you look at homes. Taking the these steps will help make your home buying process go smoothly.
Ever wondered exactly what is behind an underwriting decision? Or why some borrowers sail through underwriting, while others struggle? Knowing the 5 C’s of credit will help you understand just what a lender is looking for.
RE-PULL A CREDIT REPORT AT THE CLOSING TABLE? Starting with new applications as of yesterday, 6/1/10, Fannie/Freddie are requiring that lenders pull a final credit report just prior to closing. If a buyer’s credit scores have lowered, new debt has occurred, etc, then this could stop a closing in its track.
Now more than ever, your credit score can ‘make you’ or ‘break you’. Credit scores are essential when you are looking to buy a home, get a mortgage, buy a car, insurance, and even help determine the interest rate you pay on your credit cards. You cannot ignore your credit score!
Watch this video for information on the upcoming First Time Home Buyer Class
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