Importance of Checking Your Credit Before Buying a Home
Posted by Carlos Martinez on
Why is it extremely important to check your credit before buying a home?
When you meet with an NMWelcomeHome Realtor, you will get the guidance to secure financing before thinking about the home you want. Your credit scores can help or hurt you when trying to secure the financing you need to buy the property. If you do not have a mortgage lender, NMWelcomeHome Real Estate Team will help you find the best ones that have had great success securing loans with previous clients. Mortgage lenders will look at debt-to-income ratios, employment history, credit scores, and down payment. You may have a perfect score, but a high debt-to-income ratio that will affect the loan amount you qualify for. Your credit score will also affect the type of loan you can…
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