Saturday, May 06, 2006

Buying a New Home -- Check Your Credit First

When buying a new home, your credit will surely go under the microscope. Mortgage lenders will examine all aspects of your financial situation, and it all starts with your credit.

So it pays to review your own credit before submitting it to mortgage lenders. That way, if there are any mistakes on your credit report, you can begin resolving them right away.

To review your credit, simply request copies of your credit report from the big three credit agencies: TransUnion, Equifax and Experian. Mortgage lenders will request copies of your report from these same agencies, so it makes sense to get copies for yourself.

Buying a new home requires a thorough understanding of your credit score, what it means to mortgage lenders, and how it affects your chances of loan approval.

Learn more
At Home Buying Institute, you'll find a variety of articles to help you make sense of your credit report. Here are just a few:

* All About Your Credit Score

* How is Your FICO Score Determined?

* Home Buying 101: How's Your Credit?

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Get more home buying tips at HomeBuyingInstitute.com
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Check Your Credit