• Terrie Alderman , Broker / Owner 813-482-6672
• Debbie Mock 229-873-2533
• Justin Liles 229-507-0545
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What does it mean to have good credit for buying a house ?
Getting a loan Every financial institution has a process for assessing your creditworthiness . They usually check your credit rating , income , down payment , mortgage stress-test score and other elements .
Contact a financial advisor or mortgage broker to find out about your financial and credit situation . n
If you ’ re planning on buying a home , you ’ ll likely need to obtain a mortgage . Do you think having a good credit score is all you need ? Think again !
The importance of a good credit score Your credit score serves as a risk indicator for lenders . If your score is below 650 , this could limit your pool of potential lenders . Conversely , if your score exceeds 720 , financial institutions will be more likely to trust you and give you a better rate .
Credit report In addition to your credit score , your credit report includes essential information about your credit history , including data about various types of credit , such as lines of credit and revolving credit .
Stop By Our Office On The Square To See Our Agents For AnyOfYourRealEstateNeeds !
• Terrie Alderman , Broker / Owner 813-482-6672
• Debbie Mock 229-873-2533
• Justin Liles 229-507-0545
6FirstAvenue , S . E . • Moultrie , GA www . aldermanclassicrealty . com
229-985-0177
699294-1
64 MoultrieScene JUNE 2023