Mortgages and
Credit Reports
Many home buyers are very worried about how their credit report will affect their ability
to buy a home. We even heard one story that an applicant was denied a mortgage because he
had returned a rented videotape late!
Of course, that could never happen. Most people will not need to worry about the effects
of their credit history during the mortgage process. However,you can be better prepared if
you get a copy of your credit report to review
before you apply for your mortgage. That way, if there are any errors you can take steps
to correct them before you make your application.
If you have had credit problems, be prepared to discuss them honestly with Mary Ann and
come to your application meeting with a written explanation Mary Ann knows
there can be legitimate reasons for credit problems, such as unemployment, illness or
other financial difficulties. If you had a problem that's been corrected, and your
payments have been on time for a year or more, your credit may be considered satisfactory.
|
Your Credit
How Mary Ann can Help
Mortgage Loans and
Credit
ABC's of Mortgage Credit
Credit Guide Scoring
Credit Reporting
Agencies
How to Correct Errors
Credit Profiles
Credit Report Access
Credit Questions &
Answers |
