Home Buying Tip - All About Your Credit Score

This home buying tip brought to you by HomeBuyingInstitute.com

Your credit score has a heavy influence on what kind of mortgage loan you'll qualify for. Mortgage lenders will obtain your credit report from all three credit bureaus, and they'll analyze your credit score to determine what risk category to put you in.

If you have a high credit score, you'll be in a lower risk category and will qualify for a better loan. If you have a low credit score, you'll be in a higher risk category and will have more trouble obtaining a loan.

The point is, you should learn your credit score by requesting copies of your report from all three credit bureaus. Only then will you know if you have credit problems. And if you do have credit problems, you'll find plenty of resources at HomeBuyingInstitute.com to help you work around it.

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Learn more about your credit report
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