New Credit Scores Determine Home Buying Ability!
Some home buyers have
recently learned that Banks and Mortgage Companies now rely on credit scores
before approving loan applications.
Mortgage lending decisions were previously based on
reviewing credit payment history. Reviewing credit history presents
the opportunity to explain any derogatory payment information and
correct mistakes.
Correcting errors and mistakes DO NOT CHANGE CREDIT
SCORES. It will take months to get the right score. Low credit scores
can prevent buyers from getting the best interest rate possible
or even getting their loan approved at all!