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By Josh Barnett | Broker in Oklahoma City, OK

Buyer Questions of the Day, I have a credit report, is that enough?

Buyer Questions of the Day, I have a credit report, is that enough?

Is it okay to submit multiple Pre-approval requests?  I am a first time home buyer and one realtor contacted me today.  She asked me to get pre-approval letter. I had actually, from Trulia.com, submitted a request in December 2012 and did not get pre-approved due to low credit score.  However, my credit score has now increased above 720 and would like to know whether submitting a pre-approval request again would do any harm?

 

My Answer:

You need to know if you can qualify, unless you have a Residential Mortgage Credit Report (RMCR) you do not have a true reading of your credit. 

Get an updated report prior to looking at houses. Below is a link to what an RMCR includes. 

http://www.mint.com/blog/credit/what-is-a-residential-mortga… 

Best of Luck, 

Josh Barnett, Realtor 
Metro First Realty

Comments

By Jennifer Ratcliff,  Sun Jan 20 2013, 15:15
Great post. Thanks for sharing!

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