Credit Accuracy & Mortgage Applications
A key component to your mortgage application will be your credit score. Unfortunately, millions of Americans have inaccuracies on their credit reports. What can you do as a home buyer to make sure your credit report is accurate? Is there anything you can do as a home buyer to enhance your credit score to improve your chances of mortgage qualification? David Fasano Sr., CEO of Peoples Choice Mortgage, is here to help home buyers know what is important when it comes to credit reports, credit accuracy, and mortgage applications.
Credit Scores are Key to Qualifying for a Mortgage
One of the main reasons why it is difficult to stop renting and become a homeowner is because buying a home and qualifying for a mortgage can be complicated. Part of this complication is due to complex systems like FICO scores that lenders use to determine your creditworthiness for mortgage applicants. The difference between a great mortgage broker and any other mortgage broker is education. Buying a house, qualifying for a mortgage, or enhancing your credit score should not be some sort of mystery for first-time home buyers. However, there are very few organizations that provide this type of education to home buyers and consumers. Most mortgage professionals do not provide this type of education to their clients because their is no money in education. Truly great mortgage professionals care about their clients and educate their clients because helping someone buy a house is a special responsibility that is to be taken seriously. That is why David is here to help home buyers understand how lenders use credit scores to make decisions on home loan applications.
Enhance Your Credit Score and Improve Your Chances to Qualify for a Mortgage
The mortgage professionals at Peoples Choice Mortgage are here to help you qualify for a mortgage, which means helping you with credit enhancement. Even if you can qualify for a mortgage with your current credit score, enhancing your credit is still worth it. Often times, improvements in your credit score can improve your final mortgage rate. Even small improvements in mortgage rates can save you considerable money over the life of your home loan and possibly even on your monthly payments. The best way to figure out where you can get started in your credit enhancement journey and how you can set yourself up to buy a home is to contact us. Our mortgage professionals can walk you through your credit report and how it is represented in your credit score. From there, we can evaluate your credit and mortgage goals to see if it would make sense to speak with a credit mentor to develop an in-depth plan.
