How Is Your Credit Score As A Home Buyer?

Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

How Is Your Credit Score As A Home Buyer? 


The time for a home buyers to find out their credit score is not when they apply for a mortgage.  In fact, it is unsettling that with all the free credit resources out there, home buyers to be do not utilize them.  If this is YOU well I need to suggest to you today that you find out how good your 'financial house' is in order or not...right now.  Understand that it will take you some time period to correct any inaccuracies or repairs needed on your credit report so your credit score rebounds.


Many of the top credit card companies now offer your credit score to you for free.  Have you checked that out?  You need to know it since a lower credit score impacts so much of your borrowing and life including your car and homeowner insurance costs.  


Did you know that you are entitled to one free credit report every 12 months from each of the three nationwide credit reporting companies (Experian, TransUnion and Equifax).


You can order online from, the only authorized website for free credit reports, or call 1-877-322-8228. You will need to provide your name, address, social security number, and date of birth to verify your identity.  


As disappointed home buyers with merging families comes to me and finds out their credit has issues just when they need to buy a house.  They could have been ahead of the curve by checking on their credit months ago but waited.  Having your financial house in order is a prerequisite to borrowing for a home.


Need credit help?  Call me, Ginny Gorman, at 401.529.7849 and I will give names of lenders to work with you through your credit repair process.  Then we can discuss and look for the home you want.  It is time to start now.


Find out your credit score today and up your financial knowledge.  In RI real estate it is essential before the spring buying home market!


How Is Your Credit Score As A Home Buyer?


When you are in need of a top selling North Kingstown real estate professional and specialist for your buying, selling or relocating home needs and an internet savvy real estate agent & marketer who sells RI houses in this real estate market call Ginny at 401.529.7849 or email me at

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice


Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.


Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!


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cell: 401.529.7849      Ginny Lacey Gorman, Realtor




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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ginny. Nancy Herrmann is so right, more agents should be more knowledgeable about credit scores and the impact that they have on the home purchase process.

Jan 28, 2016 10:30 PM #4
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

How are those debt ratios too... hope your real estate buyer does not have the galloping gimmees as the Bear stein Bears reminded Ginny Gorman .

Jan 28, 2016 10:45 PM #5
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny this is very good advice and it could eliminate major delays later on when trying to anything which requires financing.

Jan 28, 2016 11:02 PM #6
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Ginny Gorman .. good topic.... every credit card company that I do business with gives free credit scores monthly.... there's no reason for anyone who has credit to not know what his/her score is.... and it's important to know and maintain a high rating whether you're thinking of buying a home or not....

Jan 28, 2016 11:24 PM #7
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Know the score.... is no longer a cliche if you are buying anything on borrowed funds. Scoring is the agreed to mark of the industry which affects all involved

Jan 28, 2016 11:38 PM #8
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

It does cost buyers anything to get a copy of their credit report, and yet many of them fail to find out what scores they have before wanting to go look for a home. This is a great information for homebuyers.

Jan 29, 2016 12:06 AM #9
Matt Brady
Finance Of America - Del Mar, CA
Lending With Competence And Character

The earlier the better is great advice. Once you have done that get expert advice BEFORE you do anything. Clients often think paying off debt or closing accounts will help and it often hurts. See my blog for top 10 don'ts.


Jan 29, 2016 12:20 AM #10
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: It is a very good idea for potential buyers to get a free copy of their credit report, preferably before they start looking for a home, so they have time to correct issues/errors that may be on the report.

Jan 29, 2016 12:24 AM #11
David Alan Baker Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

It is a good idea to stay on top of credit. Great post, not many likely know this.

Jan 29, 2016 12:44 AM #12
Saul W. Goldberg
Charles Rutenberg & Dagny's Real Estate

Ginny- what a great post thank you for taking the time and sharing. You are 100% correct a credit score cannot be fixed overnight. Rome wasn't built in a day and neither is ones credit score.  It takes time, planning and awareness, so having ones finances in proper order is key when purchasing big-ticket items such as a home, car or boat etc. Thanks again for planting the seed now lets hope people take ownership of their credit scores and hopefully they will grow and grow.

Jan 29, 2016 01:40 AM #13
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Truly amazing, Ginny, how many people don't check their scores or reports ever and when it's free to do so.

Jan 29, 2016 04:18 AM #14
Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Ginny, it is shocking how many wanna-be homeowners have no idea what their credit looks like. 

Jan 29, 2016 05:34 AM #15
Barbara Altieri
Kinard Realty Group - RealtyQuest Team, Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Ginny Gorman  -- We are on the same wavelength with this one.  Have been developing a post on same topic as it is SO important to understand the ramifications of having bad credit vs the benefits of good credit. Very well done.

Jan 29, 2016 07:29 AM #16
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Ginny Gorman missed you at the meet up.

Knowing our credit score is now more important than ever.

Good news is, many credit card companies now do have this as a 'special service' to their clients.

Jan 29, 2016 01:20 PM #17
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Thank you all and the consumer should know that it does not negatively impact your credit score to get it from one of the credit reporting it now!

Jan 29, 2016 08:23 PM #18
Kat Palmiotti
406-270-3667,, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

And credit scores change all the time! Mine was just reduced twice - the first time because I don't use enough charge cards and the second time because I use my existing charge cards too often.  geez.

Jan 29, 2016 11:36 PM #19
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Many buyers  know little about the impact of scores on their ability to purchase.  They feel that if they can pay a rent then they should be able to buy a home

Jan 30, 2016 10:05 AM #20
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good morning Ginny, I hope home buyers will read this post . Congratulations on the feature.

Jan 30, 2016 08:24 PM #21
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Know too that when a lender pulls credit, it is likely to be lower than the score that consumers get from the free pulls as we have learned.

Jan 31, 2016 03:05 AM #22
Bruce Kunz
C21 Solid Gold Realty, Brick, NJ, 732-920-2100 - Howell, NJ
REALTOR®, Brick & Howell NJ Homes for Sale

Great Post, Ginny Gorman . Many people do not keep an eye on their credit score and history. Many think that looking at it will lower the score. It does not and is an early way to pick-up on potential problems brewing.

Thanks for sharing,


Jan 31, 2016 03:54 AM #23
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