BEST REALTOR HELPS YOU GET THE CREDIT YOU DESERVE

Find the Best Realtor in Fayetteville and get the credit you deserve. A recent conversation with a local Fayetteville loan officer revealed that mortgage applications are being reviewed far more thoroughly now than in the past, and that your credit score should be 680 or higher to qualify for the best interest rates.  So how do I determine my score, and what does the Best Realtor in Fayetteville have to do with getting the credit I deserve? The following paragraphs will highlight facts and figures you should know, and how the Best Realtor can assist.

Everyone is allowed one free credit report per year from the three reporting agencies (Experian, Equifax and TransUnion).  Review the reports for accuracy and act quickly to correct any errors or omissions.

Approximately 35% of your credit score is based on the timeliness of your payments.  Make sure that no late payments older than seven years are still on your report.

If you have paid off loans or credit cards, a zero balance should appear on those accounts.  Sometimes, agencies don't properly update those balances after settlement.

15% of your credit score is based on the length of your credit history, so make sure that the opening dates of all your accounts are accurate.  Also make sure that the limits on your credit cards are correct, and keep the balances under 50% of those limits.  Total debt accounts for 30% of your credit score.

Think twice about closing credit card accounts with zero balances, because this negatively reduces your ratio of "available credit" to your debt. Try this instead. First, order copies of your credit reports, then make corrections. Finally, apply for home financing and call the Best Realtor you can find in Fayetteville. As stated in the first paragraph, the Best Realtor in Fayetteville will have a list of local lenders you can choose from, if you don’t have your own. So don’t hesitate... do your due diligence and find the Best Realtor in Fayetteville. You’ll be glad you did!