Your Credit May Not Be As Bad As You Think,
By Stephen Webber Retired After 34 Years of Real Estate For First Time Home Buyers
Most importantly donâ€™t do anything until your loan officer looks it over with you. So many times people do what would seem like a good idea; pay off a past due or pay off a credit card and close the account to later discover they actually lowered their rating.
Loan officers work with credit continually and many times can suggest a notification or two and presto the rating is up. Maybe there is a late pay that didnâ€™t happen or maybe should have fallen of the report months earlier.
They have a very strong incentive. They canâ€™t make a loan unless the credit is acceptable so the experienced loan officers know their stuff.
An article that will serve you well is '#13 Consultation Interviewing Loan Officers' at Your Road Home.com. Also article #5 Your Credit and Financing Your Home.
Choose your loan officer before you allow anyone to fix or monitor your credit. Your loan type will dictate the required rating. Once you know exactly what needs to happen you can direct the requirements, establish a time line and plan your next step.
The shortest path to owning your home.
Donâ€™t let anything or anyone deter you from your goal of owning your home.
Best of Luck, Stephen Webber Retired After 34 Years of Real Estate For First Time Home Buyers