Everyone should check their credit at least once a year. This can be done online for free at annualcreditreport.com. There are 3 choices of credit bureaus and I am told that Equifax is the major one for our area. If you want to know your credit score that does cost a mimimal amount but pulling your credit and printing it is free. The best credit score is 850 and the lowest is 300.
Today a buyer needs a mimimum credit score of 620 in qualifying for a mortgage loan..this is an increase from 580 of a few years ago. If you are interested in learning how to improve your credit score to be able to buy a home...give Chris Holt at FM Lending a call @ 919-416-2225. He can review your report and give you guidance to get you in a position to be able to purchase that home you have always wanted.
Call or email me for your real estate questions or home improvement questions!
Friday, April 17, 2009
Federal Tax Credit for 1st Time Homebuyers- $8000
Don't miss this opportunity to use this tax credit in buying your first home or if you have not owned a home in the last 3 years ! The home must be purchased between 1/1/09-11/30/09. It does not have to be repaid as long as you live in the home for 3 years. The credit can also be claimed on your 2008 return, so you can amend it and benefit immediately from your purchase. This is a golden opportunity...rates are low -4.75% Fixed for 30 years and home prices are good. Call today and let's get you qualified.
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