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Are you worried about your credit history? Just about everyone has something in their past credit that is less than perfect. The most important thing is to learn what is on your report, determine what impact that information has on your credit rating, and work on repairing and restoring any damage that may have been done.
Mortgage loan options are rated by credit and labeled like school grades - "A" credit is the best, then down to A-, B, C, etc. Even if you do not have an A credit rating, I can let you know what your options are if you fall into an A- or lower category. Today there are literally hundreds of mortgage programs for those with less than perfect or slow credit. There are even programs for borrowers that are one day out of a bankruptcy or foreclosure. The rates are generally going to be higher as the credit grading worsens. If you decide that you are not satisfied with this type of financing, then together we can map out what you need to do with your credit and finances for the next 1 to 24 months in order to qualify for an A credit loan.
There are three main credit bureaus that most creditors (such as credit card companies, banks, leasing companies, etc) provide information to on a monthly basis. Each month, your credit holders report information to the credit bureaus about your current balance, minimum payment requirements, and credit history. If you need specific information from one of the major credit bureaus, following is the contact information for each of them:
Experian Information Service (XPN)
TransUnion (TUC)
Equifax Information Services (EFX) WAIT!!!! Do you have credit problems that need to be fixed? Are the past bankruptcies or foreclosures that you would like removed from your credit report? Would you like to save thousands of dollars of interest on your home loan each year? Would you like a lower interest rate for your new home loan? If so, click here. |
