Credit score Raleigh-Durham

If youre not sure what your FICO score is, or why its so important for home buyers, then keep reading below. Now you know how to check credit score Raleigh-Durham your credit score, and which website to use.

What does this score have to do with you, as a home buyer?

And in the post-recession economy, its more important than ever. Heres the bottom line, if you want to get approved for a mortgage loan, you need to have a good credit score (for starters). You always need steady income and a certain amount of money to put down, but thats the subject of another article. When you apply for a loan, the lender will look into all aspects of your financial background.

They will want to see your tax statements for the last couple of years. Theyll probably ask for some kind of income verification. And they will check your credit score credit score Raleigh-Durham to see how youve borrowed and repaid money over the years.

In particular, they will credit score Raleigh-Durham check your FICO score (see link at the top of the page), so this is the one that matters most to you as well. If you measure up in credit score Raleigh-Durham all of these areas, youll probably get approved for financing. To summarize, good credit credit score Raleigh-Durham will help you: I think we can all agree that these are four things worth pursuing! how to get free credit report This is why its so important to check your credit score early in the process. That way, if you find out that your score is low, youll have time to improve it before applying credit score Raleigh-Durham for a loan. Are you confused or overwhelmed by all of the credit-related websites credit score Raleigh-Durham online today? This is one of the most common questions among home buyers today. In this article, youll learn how to cut through the clutter and get what you credit score Raleigh-Durham need. Related article: How to view it online How Often Should I Check My credit score Raleigh-Durham Credit?

If youre going to buy a home in the near future, you should check your credit reports and scores. You credit score Raleigh-Durham want to make sure there arent any errors credit score Raleigh-Durham on your reports.

You also need to credit score Raleigh-Durham find out if your score is good credit score Raleigh-Durham enough for a mortgage loan. truly free credit report A Credit Score of 760 is Needed for the Best Rates Around the end of 2008, mortgage lenders began to increase their lending criteria. This came as a direct result of the subprime crisis that devastated our economy. Under the new and stricter guidelines, borrowers will probably need a credit score of 760 credit score Raleigh-Durham or higher to qualify for the best rates. They’re simply too relative and vague credit score Raleigh-Durham to be useful to you.

And what kind of scale are we talking about anyway?

How to Raise Your Score Fast And credit score Raleigh-Durham for Free Before you can improve your score, you need to know what goes into it. This articles explains the key factors credit score Raleigh-Durham used by the FICO scoring model, and what you can do to improve your score quickly. It also warns against the various scams associated with credit repair. Common Questions About Credit Where does my credit score come from, and why is it so important when buying a home? How high does it need to be to get qualified for a mortgage loan? Youll find answers to these and other common questions in this article. Climbers With a consistent effort credit score Raleigh-Durham over time, anyone can increase his or credit score Raleigh-Durham her credit score.

You can climb your way up the scale, or you can keep sliding along where you are now. credit check The Consumer Credit Blog This blog over at the Home Buying Institute offers more than 175 credit score Raleigh-Durham articles, tutorials and Q&A sessions related to credit reports and scores.

Its a treasure trove of useful information, so I highly recommend a visit! Now you know how to check your credit score, and how to interpret it. Remember, this is one of the top-three factors a lender will consider, credit score Raleigh-Durham when reviewing your loan application. So you need to find out where you stand early on in the process, and make improvements as needed. But you cant do any of this until you check your FICO score, so get started today. Use the link weve provided at the top of this page. It will take you to the MyFICO website, which is run by the company that actually invented the FICO scoring model.