How to Get the Details of Your
Credit Report
Everyone that has a
bank account, credit card, car loan or mortgage will have a credit report or credit rating. The information about
your credit ratings comes from these companies. In addition, there is information from public records such as tax
liens, judgments, lawsuits and bankruptcies that provide information that affects your credit rating. Your credit
rating is very important when making a big purchase such as a new home. You need to know your credit rating, how it
is derived and what affect it has on your ability to obtain a loan to purchase your home.
A credit report
normally consists of five sections:
-
Your personal
credit history.
-
Anyone that has
reviewed your credit history.
-
Information
you’ve given to the credit company.
-
Identification
information specific to you.
-
Explanatory
notes and comments.
Every state is different
requirements. It’s critical that you find out what requirements apply to your specific state. The three major
credit reporting agencies are 1) Trans Union, 2) Experian and 3) Equifax. The credit score these companies report
will normally be a little different. When you apply for a mortgage loan, the lender will look at all three reports
to determine your credit worthiness.
Ask your realtor to
recommend a reputable mortgage lender that provides outstanding rates and service. The lender will be able to get
your credit report quickly and easily. Together, you can review it. If necessary, a good lender will give you
suggestions on how to make your credit rating better. Take careful notes and follow through on the recommendations.
It can save you literally thousands of dollars over the term of your mortgage.
Choose your real estate
agent wisely. Working with a full-time professional real estate agent is a must. Ask questions of your
agent. Find out how knowledgeable he or she is about houses currently for sale in your price range and also
of houses that have recently sold. Can your agent recommend a good lender that has the reputation of
excellent customer service and low rates? Does your agent ask questions of you to have a full understanding
of what you are looking for to help you get the most home for the money?
Do you have questions or need advice you can count on or
just want to discuss this further?
Don’t waste any more time; pick up the
phone and call me now! I’m here to help!
I offer a Five Star Guarantee. I appreciate your business, loyalty, trust and
referrals. My goal is to provide the very best counsel and advice to meet your real estate needs. If I can assist
you, a relative, friend or co-worker, please give me a call. I look forward to the opportunity to serve
you.
For prompt, courteous, professional
service, call Larry Andrew:
Cell:
801-369-5125
Office: 801-756-2121
Credit
Report
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