Building A Credit Score
that lenders will love. If you plan to buy a house in the near future, or even in the not-so-near future, this short video is full of some great information that will set you on the right path to realizing your real estate goals. A good credit score is important not only for a home purchase, but for many life goals. The more you improve your credit score, the more credit-worthy you are to lenders. You will find that your interest rates are lower when your credit score is higher, on all kinds of credit. The mortgage interest rate is the biggest influence on home affordability. Whether it’s credit cards, installment loans, or a mortgage, your credit score will make a big difference in your opportunities.
Many job opportunities are potentially affected by your credit score. If you plan any type of career where you are responsible for money, your credit score may matter. Employers may reason to themselves, “if they can’t handle their own finances, how can I expect them to handle the company’s?”
Building a credit-worthy FICO score is not complicated, it just takes a plan and consistency. Here are some great tips:
How to Build a Credit Score That Lenders Will Love
[youtube=http://youtu.be/nJjQi_gLQ-0] Thanks to Blair Warner, Senior Credit Consultant of Upgrade My Credit for this informative video. Contact Blair Warner for further information and services. 817-886-0302. Blair can help buyers with their credit in all 50 states.For more videos concerning your credit score, see our YouTube Channel playlist: Your Credit Score
Building a good credit score is one of the first places to start for the first time buyer. There are good practices to building a credit score that will allow you to get the best interest rates, and allow you the greatest amount of choices and buying power.
The real estate industry has changed a lot over the last decade, and your credit score and credit history are an increasingly important part of home buying.
There are several types of credit, and all have their purposes at different times.
If you’ve faced any unfortunate circumstances that have negatively affected your credit score, you may want to consider professional help. Credit repair, credit enhancement and education about maintaining good credit are all available and have proven to be a big help to home buyers.
If you are looking to purchase a home in Central Maryland, Chris Highland with eXp Realty is here to help first time buyers navigate the waters of real estate. Ask us about Buyer Representation.
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