Developing Your Credibility
By Bob Schwartz, CRS,
www.brokerforyou.com All rights reserved.
Whether you are just buying into a new home or are
looking for another, your credit score is important.
This plays a large part in helping you to qualify for
the amount of money that you want and need. By
maintaining your credit score, and comprehending how it
will tie into your investment, you can be sure to
benefit from the points that you have.
Before you get involved in a loan, you should check your
credit score in order to make sure that you will be able
to get the loan you really want. There are three key
companies that rate your credit score, scoring you
points for good credit and how your history has related
to the credit that you have. The companies that you can
get your credit score from are Equifax, Experian, and
Credit scores will affect the loan you receive because
it helps you get pre-approved for a loan. Lender
companies will also be more eager to work with you if
you have a larger score. They will also have the ability
to give you a higher amount of money. This usually means
that you have been responsible with keeping up with your
payments, have a good history, and have handled things
such as overdue payments. For some, this is the only way
that any loans will be approved. For others, various
factors will be considered, such as financial stability,
your income, and job status. Before even beginning the
process of finding real estate, you should make sure
that these are in the right place.
By totaling up the points you can also calculate the
abilities that will take place with your loan.
Comprehending the various components of your credit
score can help you to save time and money, as well as
get you approved for the loan that you really want.
Merely adding it all together will be the place that you
want to start in order to build your credibility.
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential
Specialist, CA licensed real estate broker with
www.Brokerforyou.com. Bob has over 27 years of
residential real estate experience, authored a number of
published articles and served as an expert witness for
San Diego lawyers.
You can contact Bob via e-mail at firstname.lastname@example.org
or visit his highly popular
San Diego real estate website
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