Think of a time when you had to give a presentation, perform in a production or play in a sporting event. Were you prepared? Did you practice? I bring this up because, too often, we don’t prepare ourselves for buying a home. Your credit is a key component to the loan, interest rate and terms of the financing that you ultimately end up with. Being prepared and ready to move quickly is instrumental when buying a home. Don’t wait until you are ready to buy to run your credit. Run it six months before. This is, most likely, the biggest purchase you will ever make in the time you have on this planet. So be ready. You will not have a low credit score due to erroneous, derogatory items if you take the time to fix those months before you apply for your loan. Even a slightly higher credit score could save you thousands of dollars in interest over the years. So get yourself in the credit ready position. If you need help or guidance getting there, talk to your mortgage professional.
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