credit score: 5 Credit Myths That May Bite You In The Butt - 02/19/16 04:28 AM
There are many myths and misconceptions about credit, which, unfortunately, too many of my prospective borrowers looking to by a home in the Montrose, Colorado area learn about the hard way--at the time they apply for a loan.  Below are 5 of the most common myths I see.
Myth No. 1.  Having no debts or credit cards makes me creditworthy.  
This is certainly one of the most prevalent.  I see it often with borrowers who went through a financial crises, such as bankruptcy or foreclosure, or who deal in cash because of their cultural upbringing.  The problem with this when you need a … (3 comments)

credit score: 3 Essential Pre-Home Buying Steps--Preparation is the Key - 04/10/11 03:52 AM
Thinking of buying a home?  If so, there are 3 essential steps you must take before even beginning your home search.  Otherwise, you may besetting yourself up for dissappointment, or just even selling yourself short:
1.  Obtain a copy of your credit report, and your credit score.  Better yet, get these from all of the 3 major credit reporting bureaus: TransUnion, Experian, Equifax.  Under federal law, you are entitled to get a free report once a year.   AnnualCreditReport.com is the official site to order your free report.  Bear in mind, this does not include your credit score, which you'll have to pay for.  It's about … (1 comments)