You are not alone if you have been putting off having your credit reviewed for the purposes of getting a mortgage. There are so many things that run through people’s heads. They want to pay off all their debt, close accounts, try to quickly build credit and their intentions are in the right place, BUT it can all backfire. Credit is complex and everyone’s situation is completely different.
If you are even starting to think about purchasing a home, having your credit reviewed by a professional is absolutely the first step in the process. A mortgage lender can offer you not only a review but also guidance on anything that could improve your unique situation. Do you have these misconceptions?
- Credit Misconception #1– I Know My Credit Scores
- Credit Misconception #2– My Credit Scores will go Down if my Credit is Pulled
- Credit Misconception #3– I Need to Pay Down/Off My Debts