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Good Credit Scores could equal ticking time bomb - BAM

 
Borrower : I would like to see this specific home...
Realtor : Have you spoken to a loan officer?
Borrower : No, not yet.
Realtor : Do you know your credit scores?
Borrower : Yes, I pulled my credit online and I have a  680, 705, and a 695, so I should be good to go, right?
Realtor : Those are very strong scores, so let's look at a few houses and then I can get you qualified.
 
 
Your Credit Score is more than just a number  
People, it's not that simple. I have seen buyers pre-qualified primarily based on their credit scores, yet the loan officer or realtor didn't review the credit properly, which can still kill a deal at times. But the reason I am bringing this up is because I have seen a few blog posts written with many comments, all stating that they ask the borrower their credit scores. And if these scores are high enough, that they feel comfortable with this buyer and will take them out first, even before they speak to a loan officer. And I know some of you will disagree with me on this topic, because you ... more

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