| There are several reasons for checking your | | | | How do you know if your score is good enough |
| credit score just before buying a house. For one, | | | | to qualify for a mortgage and can help you can |
| you need a score that will qualify you for a | | | | get the best interest on that mortgage? Just |
| mortgage loan. And the better the score, the | | | | apply and see what happens. Improve your score |
| better interest rates will applied be on a loan. | | | | if it's necessary to get a better deal. Once you |
| As a smart homebuyer, you're not only expected | | | | have known or estimated your present score, |
| to inspect the house and negotiate the price. You | | | | develop a plan to boost it. Start working on this 3 |
| need to negotiate for the best loan interest rate | | | | to 6 months before you plan to buy a home. |
| too and that's when you need to consider your | | | | Correct inaccuracies by filing a dispute. |
| credit scores. | | | | Writing a letter of dispute to the credit bureaus is |
| Here are some guidelines which can affect your | | | | the right way to correct an erroneous data on |
| credit score just before buying a house: | | | | your report. Send a letter to each bureau |
| Check your credit history. | | | | informing them of the need to investigate and |
| Before anything else, you need to know if the | | | | correct the details on your report. All three |
| details in your account are accurate. Gaining | | | | bureaus now offer a template online which you |
| knowledge of your present credit rating will also | | | | can fill in although it is still a good idea to write |
| help you assess how much improvement should | | | | your dispute in a letter form. |
| your credit score get. Also check for negative | | | | Buy a home that you can afford. |
| records and review them carefully. While it is true | | | | Buy a house that is about two-and-a-half times |
| that you cannot remove these negative data until | | | | your annual salary. You can also make use of |
| they expire, you still have other options to | | | | online calculators to see how much you can |
| cushion the impact of these data. | | | | afford given your income, debts, and expenses. |
| Get a decent score. | | | | |