bills, credit, mortgageOver my 21 years of mortgage lending you get all kinds comments from borrowers such as

  • I have great Credit
  • My credit score is a 1,000 (impossible)
  • I have horrible credit
  • No way I will qualify to buy a house

All of these statements were not true, some people exaggerate about how good their credit actually is and some people beat themselves up and it is really not that bad.  The point I am trying to make is you need to KNOW your credit and credit score for sure.

Common wrong assumptions about Credit Reporting

  • Everything you pay is reported to the credit bureau
  • If you are even 1 day late it will be reported on the credit bureau
  • My credit score should be great I don't have any bills

If you ever want to get a loan making sure your credit bureau is accurate and having as high as possible credit score will only help.  Over a 740 credit score will not make a difference in mortgage lending but it might for other types of loans I do not know.

I can look to do an FHA loan as low as a 580 middle credit score so this does allow many people to qualify to buy a house.  Click here for my blog on getting your free annual credit bureau or Click here and go to PreQualification options on my webpage and I will pull your credit. Together we will see if you qualify right now to buy a house or come up with a plan to determine what needs to be done. 

Find out what is being reported on your credit bureau and get any errors corrected before you need a loan.  Do not ignore it!!

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Mark Nehs, Wisconsin Mortgage Loan Officer                                         
Waukesha, Oconomowoc, Pewaukee, Brookfield, Lake Country, Menomonee Falls, Sussex, Hartford
West Allis, Wauwatosa, New Berlin, Muskego, Delafield, Hartland, Dousman, Watertown

Contact info PNC Mortgage Waukesha Wisconsin

Shopping for the lowest mortgage rate is easy. Finding a seasoned professional that can deliver those rates to you is where I come in.  Call me, Mark Nehs, today at 262-613-2730.  Your Waukesha Wisconsin Mortgage Lender.

 

 
Posted by Mark Nehs on 06/08/2011 12:15 PM   Comments (1)   fha, score, credit bureau  
Short URL: http://actvra.in/c5X

1 Comments on Know your Credit and Credit Score Do Not ASSUME

JUN
08
2011

Great blog Mark.  You are so right.  It is so important for people to know where they stand with their credit. 
12:29pm • #1


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Mark Nehs

Pewaukee, WI

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Mortgage Loan Officer Waukesha Wisconsin

Address: 395 Pewaukee Road, Pewaukee, WI, 53072

Office Phone: (262) 691-5843

Cell Phone: (262) 613-2730

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Learn all about Mortgage lending from a 20 year veteran of the mortgage business in Wisconsin. FHA, VA, Rural development, conventional, 80/10, and more. All types of mortgage loans for Wisconsin consumers looking to purchase or refinance.
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