Understanding Credit Reports
June 19, 2008 by Carl Chapman · Leave a Comment
Credit Reports
Get a credit report today! Are you a first time home buyer interested in your credit standing Maybe you are curious about your personal finances Is a debt consolidation in your future Looking for a mortgage or loan Its important to take time and get your credit in order, before looking for a home loan. Every consumer should check his/her credit to make sure it is correct. Start with an online credit report. Learn how your credit report can help you get on track.
Facts About Pulling Credit Checks
As long as you are looking for a mortgage to purchase a home, a mortgage to refinance a home, a home equity loan, a line of credit or an auto loan will only count as one inquiry. These inquiries asking for your credit report need to be made within a 14-day period and will be shown as one inquiry. However, if you are looking for a personal loan or credit card, each inquiry is looked at as a separate inquiry.
Before Looking for a Home Loan Take Advantage of Credit Check
In many cases it is to your advantage to review your credit report/file, prior to looking for a home loan. Check your report/file for accuracy and completeness. You may find discrepancies which can be resolved, prior to locating a home and starting the loan process. Find out how to get your credit check and prevent future problems. Read more