First time home buyer tip #13
Know how your credit score is determined. I think pretty much everyone knows that the better your credit score, the easier it is to get a mortgage and the better the interest rate you’ll get. What not everyone knows is how that credit score is actually determined. For instance, I once had a woman call me who wanted to buy a home, and had saved $2,000 for a down payment, however, she had numerous outstanding bills. She would have been better off paying off her bills and looking into an FHA loan. Read this important article to learn about how your credit score is determined.
Note that if you are currently paying your bills on time, have enough income, and can make a down payment of 3.5% you may still be able to qualify for an FHA loan without a higher credit score.
I love helping first time home buyers so if you have any questions or would like help viewing an available home please don’t hesitate to contact me at 303.887.1883 or beth@bethskinner.com.
Click here to search for homes in Broomfield, CO priced under $200,000. I’m so happy you took the time to read one of my blog posts! Click here to search for a home for sale in the Broomfield, Westminster, Thornton or Northglenn, CO area. OR click here to find out what your current home is worth. As always, no registration is required, and any information you give me will NEVER be used to spam you or sold to someone else. EVER! If you have any questions about buying or selling a home in the north metro Denver area don’t hesitate to contact me at 303.887.1883 or beth@bethskinner.com – and yes I actually return phone calls and emails! I am an extraordinary Realtor who strives to constantly go above and beyond what you might expect from your real estate professional and I love to surprise my clients with phenomenal results. Post Footer automatically generated by Add Post Footer Plugin for wordpress.
Click here to search for homes in Westminster, CO priced under $200,000.
Click here to search for homes in Thornton, CO priced under $200,000.
Click here to search for homes in Northglenn, CO priced under $200,000.
Call me or email me. I'd be happy to answer any questions you might have.
