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Atlanta, GA Increase Credit Scores To Get Home LoansCreditGA can help you improve your credit scores when you need it most; when you are attempting to purchase a home. It’s very important to check your credit scores before applying for a mortgage. However, reviewing your credit report and credit scores ranks up there with about as much fun as a doctor visit. The difference is, however, you pay the doctor big bucks for the hour or two you spend in the chair, while spending a couple of hours with your credit report can save you hundreds or thousands of dollars on your next home loan. When it comes to home loans, credit reports and scores are used to help:
Credit Scores From 3 Major Credit Bureaus
Unless you are getting a private mortgage, the lender will require a mortgage industry credit report. These reports are provided only to mortgage lenders. Most mortgage lenders will base your home loan approval on the middle FICO score. For example, your three FICO scores are 620, 650 and 661, the middle FICO score is 650 and will be used.
All credit scores are not created equal. Your credit scores obtained from the three credit bureaus are not the same as your FICO scores. FICO scores are what most lenders use to verify your credit worthiness. There is only one real place to get your unbiased, true FICO credit scores. The only place a consumer may purchase their Equifax and TransUnion FICO scores is at www.myFICO.com. Experian stopped allowing myFICO.com to sell consumers their FICO scores effective February 14, 2009.
The FICO score will often determine which mortgage program you qualify for and the interest rate for the loan. Learn more about qualifying for a home loan.
Here’s a tip for improving your credit score to get the best mortgage:Start early. Mistakes and inaccuracies on credit reports can take weeks (if not months) to correct, even when the lender or credit reporting agencies acknowledge the error. That's why CreditGA recommends reviewing your credit reports and FICO scores early in the process to give yourself time to correct mistakes and make improvements when you first consider a home loan. Credit repair can be tedious and time consuming. We've been providing credit repair since 2002, and in those years we've tried many different strategies and techniques. We have helped countless people get their financial life back. We provide very simple do-it-yourself strategies which helped people remove negative items and increase their credit scores with no help at all. They now enjoy the financial freedom that is the American Dream.
Anything on a credit file can be legally corrected:
We started in this business after needing credit repair ourselves. There was so much misleading information we were unsure who to trust or where to begin. After diligent study, we were able to restore our credit to high scores on all three credit bureaus. We get results legally so we provide this same service to our clients. We're committed to providing current and relevant information about and credit repair as well provide a quality service to those in need. If you’re in need of a home loan or looking to buy a car, CreditGA can assist you in making the process easy.
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