5 Tips to Manage Your Credit Before You Buy

JD Slabaugh & Company

By: Craig Donofrio via http://www.realtor.com/advice/5-tips-manage-credit-buy/

Lenders don’t like surprises when it comes to mortgage applicants. And when it comes to applying for a mortgage or looking to refinance, you don’t want any, either.

Yet many people forget to pull their credit report before they go house hunting—or they do it at the last minute—and they don’t know how to handle a poor credit score or a pockmarked report.

If there are any problems on your report, you’ll want to fix them beforehand and be prepared to explain the ones that stick around. Here are five tips on how to handle your credit and your credit report when it’s time to buy a home.

1. Don’t lie or hide the truth

Most people instinctively try to hide or shy away from bad news. Don’t do this with your lender. It’s basically impossible to hide bad news from lenders forever, and when they…

View original post 365 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s