Your Credit and Your Home Purchase
When buying a home it is prudent to know about
your credit score. According to a recent survey by Experian, many of those in
the market for a home are already aware of the importance of their credit
score. However, only half of recent buyers said they checked their credit when
they first considered purchasing a home.
67% of buyers are NOT pre-approved.
45% of buyers delay their purchase (ultimately)
to improve their credit.
That is almost HALF of buyers who delay the
purchase based on information they should have known prior to shopping for a
home.
This survey underscores how important the
pre-approval loan process is. Even if just to give buyers an idea of what their
credit report contains, what their rate and payment would be and how much they
can qualify to buy. Too often, there are situations where people cannot qualify
once under contract and it would have been quickly uncovered during a
pre-approval. This represents wasted time for the realtor, buyer, seller
and all involved.
Lesson learned? Pay attention to your credit
year-round, and understand that what you do today impacts how your credit works
for you in critical purchase moments like home buying.
Information provided by Orlando Realtor Teri Isner.
Teri Isner is the team leader of Orlando Avenue Top Team and has
been a Realtor for over 24 years. Teri has distinguished herself as a leader in
the Orlando FL real estate market. Teri assists buyers looking for Orlando
FL real estate for sale and aggressively markets Orlando FL homes for
sale.
You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing
skills, experience and ability to network with other REALTORS®. Your job gets
done pleasantly and efficiently. You are able to make important decisions
easily with fast, accurate information from Teri. The Orlando Avenue Top Team
handles the details and follow-up that are important to the success of your
transaction.
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Labels: buying a house, credit score, home purchase, Orlando avenue top team, Orlando real estate, teri isner
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