One of the things that has dramatically changed from the past few years is the kind of loan programs that are available to you at each level of the credit score range.
The whole foreclosure problem is the result of easy money. Breathing was the major criteria for loans a few years ago. Now…not so easy.
The truth is, the higher your score, the more flexibility there is, and the more programs that are available to you.
I know a lot of you are thinking about “when” to start being serious about buying a home, or changing homes. The most important thing you can do in the meanwhile is to get your credit score as high as possible. As Steve mentioned in Part 3 of the Series we’ve been running, the report that a mortgage lender gets is very different than what you’ll get at the not so free FreeCreditReport.com. We recommend having Steve pull your credit now, and coach you as to what you need to be doing in order to get your score up for when your in the market.
Here’s some hints to help you do that. Steve knows some other tricks as well.