Do Not Let A Lender Pull Your Credit Before Reading This

Do Not Let A Lender Pull Your Credit Before Reading This

Image titleCheck your own credit report scores before going to a lender.  You may find some discrepancies on your credit report that you can clear up which in turn will make your score go up which can save you thousands.  The interest rate that the mortgage lender gives you is based upon your credit score.  Ask the lender questions to make sure that he or she is the lender that you want to utilize before you allow them to pull your credit report.  Ask them how long have they been in the business?  Do they have 100 percent programs that can allow you not to put any monies down to purchase a home.  Their are all kinds of products out there but, the lender that you talking to just may not have one of those programs.  Do not just let a Realtor send you to their lender without asking them questions to make sure that lender is right for you.  All mortgage lenders are not the same as far as how they educate their client or they may not have the programs that would best fit you as a consumer.  This is not to say they are not great at what they do but they may not be the best for you to fit what your needs are.

I see far too many consumers that just go with the lender that their Realtor gives them rather than doing research to find out if that lender is in fact the best fit for them.  Listen to your Realtor that you trust but also do your own due diligence and ask questions for yourself.  I make it a practice to educate my clients so that they can make their own decision that is BEST for them.

  • The importance of your credit score

  • Can I get a better interest rate?

  • Is an FHA loan right for me? 

  • How much can I afford?

How do I qualify for a loan?

Everyone is different. But it’s easy to find out what your personal home loan and mortgage rate parameters are. Lenders focus on these 5 things:

  1. Credit Score

  2. Household income

  3. Job History

  4. Cash reserves

  5. Down payment amount



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Phone: 540-429-5073
Dated: May 1st 2018
Views: 224
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Nikki Patterson
14526 LEE ROAD SUITE 100
Chantilly, VA
540-429-5073