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July 10, 2013 / Paul Chase

Preparing to Buy? Here’s what goes into your credit score.

With the housing market seemingly well on the road to recovery, it’s becoming increasingly important for buyers to have their credit in order before they even begin to think about buying a house.  The first step in the home buying process is to be pre-qualified for financing.  This is where your credit report is pulled and evaluated.

To make sure your prepared for this, you need to understand what influences your credit score.  I found this article that I found helpful.

http://blog.credit.com/2013/07/what-really-influences-your-credit-score/

Next week, I’ll present some steps you can take to improve your credit score and make yourself look better to mortgage lenders.

 

 

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