nevada: The Credit Report: 9 Things You Must Know to Get Approved
- 05/09/07 07:49 PM
1. Know Your Credit Score. Your credit score is an essential component of having your loan approved. It determines the loan program for which you are potentially qualified. The higher your credit score the better. Be sure to ask your Mortgage Lender for details.2. Always Pay Your Bills on Time. This is not intended to insult your common sense, but to emphasize how vital on time payments are to your credit score. Late payments can dramatically alter the rate, terms and even whether your mortgage loan is approved. Not making payments in a timely manner will almost always decrease your credit (1 comments)
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