Something that can harm most first time home buyers, or any home buyer, is a poor credit score! A credit score is three little numbers with a big meaning.
Most people don’t give their credit score a second thought until they need to make a significant purchase where a loan is required. In most cases, these loans are for homes, the largest investment most people every make. Rather than letting a bad credit score keep you from buying your home, try these seven tips to start improving your credit score today.
When it comes to financing, a low credit score could cause:
• Higher interest rates
• More time needed to approve
• Require more proof of income
• Need to have a bigger down payment
• Option of no financing at all
Don’t get caught in the stress of trying to buy a home with bad credit… start improving your credit today with these 7 tips.
Fuente: Anna Vali