Buyers Resources
What's Your Credit Score?
Most lenders rely on a credit score called a "FICO score" to determine a new homebuyer's credit worthiness when applying for a pre-approval or mortgage. Your FICO score or credit score may determine your ability to be pre-approved or determine the interest rate and loan program you are likely to be offered from a lender. Taking this simple step prior to considering a new home purchase will save you time, stress and possibly thousands of dollars over the life of the loan. Bear in mind that before borrowing money or getting a mortgage, the bank or lender will have to review your credit score first before any approval. This is to protect the lending company from possible problems that may arise in the future.To get a free report and to learn more about your credit score, click here or banner below.