What Do I Need to Know about my Credit?

By
Mortgage and Lending with Leader One Financial 164545

What Do I Need to Know about my Credit?

Hey there Rockstars!
It's time for new and interesting facts about your home purchase and the mortgage process!  Today we're going to discuss credit (and the room goes silent!) Everyone is afraid to talk about it and it's one of the most important parts of your mortgage process, so let's understand a bit more about it.  and hopefully you can learn some of the surprising things that can happen before you get your loan, some tips for helping you buy a house.

1. The Magic Number(s).
Everyone has seen the commercials about free credit score websites and you have a credit score, but it's really helpful for us to know all 3 of your credit scores.

2. Bad Credit, BAD!
Every so often we get calls from people who have been through the ringer when trying to get a mortgage loan to buy their dream home, and they have been told that they have bad credit and will never be able to buy a house with bad a credit!  The truth is; there are options that we can set you up with to get you back on track to buying your own home, call us today and see what we can do to help you buy a house in the kansas city area.

3. NO CREDIT; NO PROBLEM
Good credit, no problem, bad credit, no problem, NO Credit? STILL no problem.  If you have yet to establish a line of credit anywhere you can definitely still buy a house!  We can use what's called Alternative credit.  Alternative credit is just way of establishing that you pay your bills on time.
So if you have a gym membership where you pay a regular fee, your car insurance, yourrent all can be used to establish that you pay your bills fully and on time.

4. Pay your bills!
Getting you a loan is as important to us as it is to you; and part of that is making sure you have the credit to get into your home.  One way to keep your credit good or get your credit out of the dumps is pay your bills on time. That will help us help you!

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What Do I Need to Know about my Credit?

Posted by

Darren Copeland | Home Loans | Lee's Summit MODarren Copeland, Vice President LeaderOne Financial

4967-B NE Goodview Circle, Lees Summit, MO 64064

(816) 268-4025

KC Loan Tips & Midwest VA Loans

 

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Rainer
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Cliff Keith
Golden Gate Sotheby's International Realty - Redwood City, CA
Redwood City Real Estate

good post. Isn't funny how the basic things about credit never change. You brought it back home with your post. Thank you.

Feb 27, 2013 03:19 AM #1
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Darren Copeland

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