Here is an example of an auto purchase, but it is the same with mortgages and the availability of loan products.  We offer solutions to help you improve your credit so you can buy a home.  If you've had a bump in the past, don't let it hold you back.   Advanced mortgage planning and being proactive is the solution.  If you don't do anything, nothing will happen.  Call us-Venture Development  -  Minneapolis Mortgage broker

How Important is Your Credit Score?

Did you know that you can own a Mercedes for less than what you'd pay for a Ford? Believe it or not, your credit score could determine what you drive.

With a below average credit score of 550, you'll be forced to accept an 18% interest rate and pay $702 a month for a Ford Fusion with a manufacturer's suggested retail price of $27,431.

With a credit score of 750 or better, you'll be offered a 5.5% interest rate and pay only $622 a month for a Mercedes C230 Sport with an MSRP of $32,089.

Nothing against Ford, but why pay $720 for a Ford when all you have to do is increase your credit scores to start driving a Mercedes-or a BMW-for almost a hundred dollars less each month!

When you have the right credit scores, you'll pay almost $100 less a month. What a great concept-paying less to drive a nicer car. And you can do exactly that-when you increase your credit scores.

And credit also determines how much you pay for a home...insurance...whether you get a job (your potential and current employers can legally look at your credit reports and not hire you-even fire you-if they don't like what they see).

Credit scores even determine what you'll pay for your utilities in some cities. That's right, if your next door neighbor has higher credit scores than you, you may be paying more than him or her for your electricity.

Now do you see how important your credit scores are? Can you see how much easier good scores can make your life? The path to home ownership begins with making the right choices and setting the groundwork for success.