If you're looking at buying a new home in the Southport area, you're likely going through one of the most common home-buying processes: mortgage application and pre-qualification. No matter who your lender is, they'll use your credit score as a reliable scorecard to gauge your creditworthiness and extend a line of credit to you.
Our REALTORS® are aware of the challenges new homebuyers face. You're probably asking yourself, "How do I raise my credit score?" Read on to find out!
According to the National Association of REALTORS®, approximately one-third of homebuyers are purchasing for the first time. Will you be joining those ranks soon? Our REALTORS® offer some valuable tips to streamline the process and help you get the home of your dreams.
One of the first things you have to do when buying a home is take an in-depth look at your financial situation. Since most people buying a home have to apply for a mortgage, it is imperative that you know what lenders will be seeing when they investigate your creditworthiness. Getting your credit report and knowing your score will be one of the first steps you want to take. But you might be wondering how much it really matters. The truth is it matters a lot. Here's why.