Home Buying Tip - Understand Your Credit Score

Purpose of this home buying tip: To educate you on the role your credit score plays in the home buying process.

Your credit score play an important role in the home mortgage process. Mortgage lenders will examine your credit score (also referred to as a FICO score) to determine your risk category. In other words, they will use your credit score to decide whether it's safe or risky to loan you money.

Therefore, it's wise to obtain a copy of your credit report / score so you can examine it yourself. But how do you interpret it? How do you know what the numbers mean to a mortgage lender?

Featured Article at HomeBuyingInstitute.com
In today's featured article, you'll learn what your credit report is, how it's used by mortgage lenders, and how you can review it for accuracy ahead of time.

Read the article here: All About Your Credit Score


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