Your Credit – Know the Score!

When you decide you want to buy a house, what’s the first thing you should do? If your answer is “go house hunting,” that’s definitely the wrong answer. The right one? Find out what your credit report says about you. And what your credit score is. The worst possible case is that, without good credit, you may never qualify for a mortgage. A scenario almost as bad is that you could get a mortgage-but the mortgage payments and the interest rates would be outrageously high-so you could well be making your financial situation go from bad to worse.