Real Estate Directory - Real Estate Agents and Brokers, MLS Search, Property Listings. Mortgage and Loan, Commercial Property, Appraisal Service , Improvement, Inspection , Real Estate Information and Marketing, Home Construction, Decoration, and more.
Real Estate Home Sale - Real Estate Web Directory  
Real Estate Directory
Agents & Brokers
California, Ohio, Colorado
Apartments & Rentals 
Vacation Rental, By States, Tenant Screening
  Appraisal Service
California, Florida, Texas
  B2B Real Estate 
Investment, Office Space, Development
  Career & Training
Seminars & Coaches, Schools & Instruction
  Directories
Web Directories, Mover Directory, Agent Directories
  Finance & Mortgages
Residential Lenders by States, Commercial Lenders by States, 1031 Exchange
  For Sale By Owner
FSBO Kits
  Foreclosures
Auctions, Foreclosure Service Providers, Foreclosure Consultants
  Home & Garden
Home Decorating, Gardening, Cleaning Service
  Home Builders
Builders by State, Architectures, Contractors by State


Sponsored by:

Real Estate Web Advertising and Marketing
Realtor Store
Real Estate Buyers Guide
Home Buying Expert Corner
Home Buying 101: How's Your Credit?

Commentary

Brandon Cornett is one of our more popular contributors to Educated Home Buyer. He has provided a series of articles for home buyers who would like to know more about the home buying process. Please be sure to check out his website for more great home buying tips.

----------------------------------------------------------------------------
Starting a home buying process means answering a lot of questions:

  • How much of a mortgage can you afford?
  • How are your cash reserves?
  • How's your credit?
  • What size house do you need?

    The more questions you ask in advance, the smoother the process will be later on. So let's look, then, at one of the key questions from this list.

    How's Your Credit?

    As part of the home buying process, you need to take a good, hard look at your credit situation. Try to do this a few months before beginning your home search to prevent delays later on. Start by ordering copies of your credit report.

    Credit reports are maintained by three credit agencies: Experian, Equifax and TransUnion. These agencies maintain any and all information pertaining to your personal credit - payment habits (including late payments), bankruptcy and other issues.

    Your credit score is based on the information in your credit reports, which come from the three aforementioned agencies. Three agencies, three reports, three credit scores ... all about you!

    Get copies of your credit reports from all three agencies and review your scores. Fair Isaac's - the organization that actually converts your credit reports into credit scores - has a website where you can order all three credit reports at once: www.MyFICO.com. Here's a quote from the home page of that website:

    "FICO scores are your credit rating. Most lenders base approval on them. You have three FICO scores, one for each credit bureau, and you can and you can only get all three from myFICO.

    The MyFICO website also explains how to interpret your credit score, what the score means to lenders, and what you can do to improve your score.

    Don't be surprised if you find an error. It happens from time to time. To correct an error, contact the reporting agency directly. And don't delay - it may take several months to completely correct the error and remove it from your report.

    -----------------------------------------------------------------------------
    About the author - Brandon Cornett

    Brandon Cornett is the editor of HomeBuyingInstitute.com, one of the Internet's largest and most respected libraries of home buying information - more than 100 expert articles in 12 different home buying categories! Put this knowledge to use by visiting http://www.HomeBuyingInstitute.com.
  • Real Estate Directory
      Information
    Real Estate Commission, Guides and Tips, Selling a Home
      Inspection Service
    By State, Education & Training, Franchises
      Insurance
    Title Insurance, Mortgage Insurance, Home Warranty
      Mover & Relocation 
    By State, Storage, Auto Transport
      Property Listings 
    MLS and Realty Realtor Resources by State, New Home By State, Property Listings by State
      Property Management
    Consultant, Associations
      Real Estate Legal 
    Real Estate Attorney by States, Notaries by States, Escrow & Title
      Softwares 
    Property Management, Construction & Builders, Investment Analysis
      Support Services 
    Office Supplies, Web Services, Media & Advertising

    Condos and Condominiums
    CondoCompany.com - The online marketplace for Condos and condominiums. Find or list condos now!
    About Us | Add Your Site | Link to Us | Contact Us
    Copyright © , RealEstateHomeSale.com. All rights reserved.
    Real Estate Home Sale - Real Estate Web Directory Submit Link to Us About Us Contact Us