Many clients want to check their credit before beginning their home or mortgage search. There are many ads on TV saying, get your free credit report on ... you know, freecreditreport.com. This credit report is not free. In fact, you will be charged a monthly fee after 7 days.
For clients to get an actual Free Credit Report, they should go to annualcreditreport.com. This is the site set up by the government to get your free annual credit report. However, you still won't get a Credit Score. If you'd like to see your score, you have to pay the credit bureau to get it. In addition, credit report scores appearing on mortgage credit reports are often lower than credit scores you get from the repositories.
Instead of paying for your credit report, you should contact a local mortgage expert, such as First Portland Mortgage Corp. to get a free pre-approval. This will be the best way to find out where your credit stands and which mortgage programs you might qualify for. Your Local Mortgage Expert can even give you information on how to improve your Credit Scores and what NOT to do to improve your scores.
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