Is 2014 your year to buy your first home or your next home? There are several steps to get ready to buy.
I just finished an article by Debra Bigler of Prime Credit Repair, Inc. She suggests that by reviewing your credit BEFORE you speak with your Lender, you can avoid a delay in getting your loan. http://realtytimes.com/consumeradvice/mortgageadvice1/item/27661-20140221-get-your-credit-report-in-order-before-your-broker-sees-it
1. If your credit report is not good, you will not be able to get a loan or your interest rate and fees will be high.
2. Check to see if you have any late fees or reports that are NOT yours. Negative reporting can stay on your credit report for years.
3. Have your credit report in order. If not, you won’t get a loan. Now is a good time to work with a credit repair co. This could be easier than calling Experian, TransUnion and Equifax directly.
4. Clean up your credit report now and this will help you with your mortgage loan and any other high end purchases in the future.
If you need a referral on a good Credit Repair Co, send an email to firstname.lastname@example.org.
Once your credit report and FICO score are in order, you will become a better qualified buyer. Lenders may be happy to work with you through this process.
Let’s talk about your NEXT step!