It's a good idea to checking your credit score before you actually decide to purchase a home, townhome or condo. Even if you think your credit scores are good, you will want to see what the bank will be considering and the scores they will be examining.
If you check your credit history now, you can find out about errors while there is still time to make a correction. You don't want to find out about credit reporting errors at the last minute. Equifax, Trans Union and Experian (the major credit reporting bureaus) are ponderous and slow to react to problems. It takes time to correct errors. The time to get the record clean is now.
On the other hand, if there are negative items on your credit report, you will want to know what will block you from home ownership and what are you options. A good loan officer can also give you an idea of how much home you can afford. If you would like a free pre-approval or would like to discuss your options call Julie at Condominium Mortgage at 703 765 0300.
