Congratulations or taking the proper steps to having good credit.
What's your Credit Score? This is a simple question, right? Sure, but for some reason this question seems to scare a large portion of home buyers away, even those with good credit; but why?
One reason is because most people aren't monitoring their credit scores on a monthly basis. The next reason is because more than 80% of consumers don't know what credit score is needed to actually buy a home and will listen to friends who's never written an offer to purchase, or mortgage contract ever; yet gives a one size fits all approach to the process. As I stated I am completely transparent and this may hurt some of their feelings when they see this, but their one size fits all approach to home buying doesn't work for all buyers due to every buyer's situation being different.
That being said, did you know the Federal Housing Administration or FHA as most people know it as, will allow a buyer to purchase a home with a 500-credit score?
Your Credit, & A Horror Movie aren't the same thing!
Need to build or rebuild your credit? a secured credit card is the way to go. (What is a Secured Credit card ?)
