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What to Know About Credit Scores When Buying a House Are you looking to enter the realm of homeownership? When you are looking for a mortgage, lenders pay a lot of attention to your credit score. One of the most vital things to do before buying a home for the first time is to get your finances i
Bill Gassett's insight:
When buying a home one of the more vital considerations is getting your financial house in order. This includes making sure you pay all your bills on time and now taking out large loans.
One of the largest driving forces in giving a borrower their interest rate and mortgage terms is the credit score they have. Given how much weight is placed on credit scores it makes sense to work on them prior to purchasing a home.
In the article at Realty Times, see a rundown of what lenders think is a good credit score. You will see what is considered a good credit score and a bad one as well. You will also see some excellent tips on how you can improve your score before purchasing a house.
Putting in the effort to increase your score will be well worth your time. 
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Scoop.it!
What to Know About Credit Karma Have you ever wondered what Credit Karma is and how it works? Maybe you have seen their advertisements on television? Your credit score is one of the most critical pieces of financial information there is, especially when buying a home. For a long time now, creditors and lenders have used your credit score to determine whether they would lend to you and what kind of terms they would offer. Today, your credit score affects even more aspects of your life, possibly even your ability to get a job or successfully rent or purchase a
Bill Gassett's insight:
Do you have a strong desire to become a homeowner? Is your credit score lacking? Would your low credit score prevent you from buying a house? These are questions that go through the minds of many potential home buyers.
Getting out of a credit hole can be a difficult challenge for many folks. Lots of people have no idea how specific credit decisions will impact their FICO score. Quite often the things people think will help them have the exact opposite effect.
Fortunately, there is a company called Credit Karma that can help. Take a look at the review for Credit Karma where you will learn exactly what they do, including providing free credit reports, along with assistance on credit decisions.
For example, most people would have no idea how terminating a credit card would impact their credit score. Will it help or hurt? Credit Karma makes it easy for you to make the absolute best financial decisions.
The article at Maximum Real Estate Exposure does an excellent job explaining in detail what Credit Karma does and how it can be a benefit to those who would like to become homeowners.
Take a look and if you find the information helpful, share it with others who may be able to use the financial help.
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When buying a home one of the more vital considerations is getting your financial house in order. This includes making sure you pay all your bills on time and now taking out large loans.
One of the largest driving forces in giving a borrower their interest rate and mortgage terms is the credit score they have. Given how much weight is placed on credit scores it makes sense to work on them prior to purchasing a home.
In the article at Realty Times, see a rundown of what lenders think is a good credit score. You will see what is considered a good credit score and a bad one as well. You will also see some excellent tips on how you can improve your score before purchasing a house.
Putting in the effort to increase your score will be well worth your time.