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When higher is lower... A word about credit scores.
Did you happen to see the year-end graph concerning Charlottesville-area home prices? (CAAR 2010 Year-end Real Estate Market Report)
Well, It's time.  If a new home has been in your thoughts, now is the time to do something about it.  If you've been waiting for the market to bottom-out, it's here.  This isn't Realtor-Speak, this is my telling anyone who will listen... If you are in the market for a home in the Charlottesville area, and you want to get the best deal possible, you don't want to wait until next year. The very first action on any buyer's list of to-do's is : Pull your credit report and get a pre-approval letter from your lender of choice.  (I work with some great lenders, and your pre-approval letter does not have to cost you money.)  When the lender pulls your credit report, he’ll get your credit score, and this number is going to determine what interest rate you will enjoy for the next thirty years.
When Higher is Lower
Most lenders quote rates based on the best credit score.  Buyers need to know their credit score before writing a contract to buy a home so they'll have a realistic idea ... more

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