Know Your Credit Score and its role in mortgage rates
If you want to buy a home, you’ll need to know your credit score. Under the Fair Credit Reporting Act, every 12 months you are entitled to a free copy of your credit report at your request from each of the nations credit reporting companies – Equifax, Experian and TransUnion.
Even if you believe you have good credit, it’s a good idea to review your current report. If there is room for improvement, it is worth your time to do what you can to increase score. Even creditors with good scores can uncover incorrect credit information that you will want to fix. If you want to buy a home sooner or later, start by taking a close look at your credit score. […]