By Bob Schwartz, CRS, GRI, San Diego real estate
broker
�2007
Broker For You
All rights reserved.
Whether you are just buying into a new home or are looking for some type of,
your credit score is important. This plays a great part in helping you to
qualify for the amount of money that you want and need. By maintaining your
credit score, and knowing how it will factor into your investment, you can be
sure to benefit from the points that you have.
Before you get into in a loan, you will want to 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, allotting you points for good
credit and how your past has related to the credit that you have. The companies
that you can get your credit score from are Equifax, Experian, and Transunion.
Credit scores will affect the loan you are offered because it helps you get
pre-approved for a loan. Lender companies will also be more willing to work with
you if you have a better score. They will also have the ability to give you a
larger amount of money. This usually means that you have been responsible with
keeping up with your payments, have a reputable history, and have dealt with
things such as late payments. For some, this is the only way that any loans will
be approved. For others, several 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 proper order.
By totaling up the points you can also measure the abilities that will take
place with your loan. Understanding 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 actually 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 30 years of residential real estate experience, authored a number of
published articles and served as an expert witness for
San Diego legal firms. You can contact Bob via
e-mail at brokerforyou@gmail.com or visit his highly popular
San Diego real estate website at:
http://www.brokerforyou.com
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