If you’re in the market to buy a new home, it is important to understand how your credit score and history affect your ability to be able to qualify for a home mortgage loan. There are many factors that play into your overall credit score and more likely than not, you’re probably unfamiliar with what all or some of those factors might be. There are all too many scenarios that appear to have an intuitive and obvious solution, when in reality your creditors may be reporting in a way that works against you, rather than for you.
Be sure to get “Ty-ed in to Housing” this week and better understand your responsibilities in order to improve and maintain your credit score. These tips will better prepare you for the necessary first-steps in rebuilding your credit and the process of obtaining a mortgage on your new home. Click here for more information on Ivory Financial Fitness and the free credit repair services that we make available to all of our home buyers.