Home > Uncategorized > Mortgage mistakes to avoid! Check your credit…well in advance!

Mortgage mistakes to avoid! Check your credit…well in advance!


Remember, you can request a FREE (if it’s FREE, it’s for ME!) copy of your credit report annually from www.annualcreditreport.com.  This will give you an overview of what is being reporting on your behalf.  Credit and credit scoring is CRITICAL to the lending process these days, so knowing what your loan officer will see, ahead of your application, is imperative.

Lower credit scores can affect your mortgage interest rate or can you leave you with no approval at all. 

Once you get your FREE (if it’s FREE, it’s for ME!) (not be be redundant) credit report, it is important to review it with your loan officer FIRST, before you resolve anything that may be reporting derogatory.  Many times, derogatory credit is so far back in the picture of your credit, by paying it off, it may bring it into the forefront of your credit “story” and actually LOWER your credit score initially.  This can be a bit confusing and some delinquent credit does NOT need to be paid in order to qualify so it is best to just sit down with your loan officer and discuss it thoroughly.

So, go request a copy of your credit report and husband’s and wives… it is not a competition to see whose score is higher.  You know who I am talking about.

Having a dream is good, owning one is better!

Leslie Pelletiere, Owner

First Class Financial Services, proudly mortgage lending since 1999!

602.294.9288(O)

602.294.9830(F)

http://www.fcfs.net

MB#0902810

NMLS #162494

AZDFI Loan Officer # LO-0911453

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: