The Only Mortgage Loan Options Guide You Need was written for you. Knowledge is power, and we want you to become a powerful home buyer in today's housing market. Download the 12-page guide below to discover your home financing options.
Securing a mortgage is one of the biggest transactions most people will ever enter into. Credit (and your FICO credit score) is very important when it comes to any loan, but it becomes paramount in something as long-term as a home mortgage loan.
Your FICO score is calculated with information from your credit files. You can read more about the FICO score and how it's calculated here. The picture included is a general breakdown of what goes into a credit score.
Each person's credit report is unique and has its own challenges and assets. But there are several generalizations that can be made about credit when it comes to first time home buyers. If you plan to buy a home in the next year or less, here are 6 credit mistakes to avoid.
One piece of advice important to remember: Don't tackle the credit issue completely on your own. Sometimes the task of improving credit can seem overwhelming. You may want to give up. However, talking to a trusted mortgage advisor can shed some light on baby steps you can take that you may not have thought of, so you can make small improvements.
Learn more about credit with "The Road to Mortgage-Ready Credit" at the button below. The free eBook will explain more about the credit world in relation to mortgages.
If you think you're all set to starting getting "Mortgage Ready," download a free eBook that takes you through the entire mortgage process from pre-approval to the closing process. It's completely free, with no obligations attached. Simply follow the button below.
Allowed tags: <a> link, <b> bold, <i> italics
Real Estate Blogs Directory - Directory of real estate blogs and blogs of industries affiliated with and serving the real estate industry.
© 2013 Amerifirst Home Mortgage. NMLS ID 110139.