Do You Know What Your Credit Score Is??
So you want to purchase a home. One of the first things you need to do is see what your credit looks like. Better the credit - easier the loan process. If you have good credit then you’ll get approved and have the most favorable terms. However, if your credit score is low you will have a harder (BUT NOT IMPOSSIBLE) time getting approved and if you do, your interest rate will be high. You can check your credit score for free on sites like Credit Karma and Credit Sesame. Review your report to see if there is any room for improvement. If you have open credit cards make sure you pay the balances down below 15% of the credit limit to maximize your credit score. Checkout this article on how to improve your credit score in 30 days and for more information on raising your scores.