Best Mortgage Advice Do Your Homework
by Sara from Port Richey, FL USA
Best Mortgage Advice - Do Your Homework The best mortgage advice is CHECK YOUR CREDIT REPORT FIRST!!!! First-time buyers seeking to mortgage their first homes, as soon as you start to consider purchasing a home, you should get a copy of your credit report and take action on it.
**Super Kate Tip: Know your credit score!
Free Credit Score - See yours at CreditReport.com!**
That action might be paying off an ancient debt that you have completely forgotten about, or filing a dispute over an item that never should have been on your report in the first place.
I did not do this before I met with lenders for my first mortgage, and as a result I got turned down. Surprises are not a good thing when you're meeting with someone who could approve your loan.
Also, once your potential lender has seen your original report, they are not easily swayed if you suddenly make changes after that. It makes you look irresponsible to them.
If you have no major loans in your past, such as a home loan, all they have to go by are the smaller debts you have incurred such as car loans, credit cards, even book club memberships.
So my advice is to do your homework and get your credit record in shape before you let lenders have a look at it.
There are ways to get a copy of your credit report for free through a new government act, or you could try out one of the many online credit report monitoring services.
So, again, just do your homework before you start meeting with lenders. It could make a huge difference.
Best Mortgage Advice - Do Your Homework
Dear Sara, Thanks for your best mortgage advice. Sharing your experience will help first time buyers and many homeowners who need to refinance soon.
Discover How To Fix A Credit Score Fast. Check back often as I am adding more tips for credit help and sources to obtain credit reports soon.
Cheers,
**Super Kate Tip: Why settle for less than perfect credit?
Consult the Experts to Clean Up Your Credit Report.**
P.S. Go to my Best Mortgage Rate Blog, an entertaining source of mortgage information. Subscribe now to the RSS feed.
Quit Borrowing From Dad
Need another car? Home improvements? Debt consolidation?
Money is still tough to get from banks (and Dad too).
Use peer to peer lending instead!
Follow My Blog
Free and easy!
Search My Site
Get answers!
Do-It-Yourself Loan Modification
$1000 or $39.99 - Which is right for YOU?
Not sure? Answer these 5 questions to find out.
The Freedom You Want Is Waiting For You
Come join us. Let's do this together.
There is a successful entrepreneur in all of us. Unlock Yours here.
How I Make Money
I finally came to grips with closing my mortgage company.
But I still wanted and needed to make money!
UNIQUE Mortgage Tips and Solutions From Kate
Discover Kate's Best Mortgage Blog today. Keep up to date on what's new about mortgages and additional tips to unlocking the secret code of mortgage lending.
Where to find your best best mortgage advice or not!
What to do if your mortgage loan approval begins to hiccup.
How much can you afford in a mortgage payment and why your lender doesn't know.
Eliminate guess work and last minute surprises from buying a home with mortgage pre approval.
Discover how to compare mortgage closing costs to get the best rates for the least cost.
Why you should always compare mortgage interest rates - Because the lowest rate may not be your best deal.
How to know when to lock mortgage rates - You deserve reliability and peace of mind, don't you?
This expert online mortgage advice is guaranteed to make you a savvy mortgage shopper.
Nitty gritty mortgage interest rate lock agreements and why you also need a good faith estimate.
Ask Kate For Solutions - Ask a question to get an answer from Kate.