Reasons To Improve Your Credit Scores When Purchasing A Home

Reasons To Improve Your Credit Scores When Purchasing A Home

As a Realtor I'm frequently asked what is needed to purchase a dream home.  Well, there are many factors to be considered but a good rank score ranks highest to meet the  pre-qualification requirements along with a stable employment history, and the income level determines the price range for the home.  Currently credit scores fall along a range of 300-800, a credit score of at least a 645 is considered good and any score higher will offer you the best negotiating power and you will look more attractive when it comes to lenders. Most homes are financed for a 30 year fixed rate, and the better your credit score the lower your interest rates.  Another benefit of a good credit score is you could qualify for no down payments on a home.  If your credit score is low you  could be subjected to even more than a 10% down payment to purchase a home, and this is why it is worth it to have the best credit score possible to purchase your home.  Contact Angela at eXp Realty for more information 864-682-0311 or visit my website for your home search. 



     


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Phone: 864-682-0311
Dated: December 30th 2015
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eXp Realty South Carolina
711 Fairview St
Fountain Inn, SC
843-593-9750