As the DFW housing market heats up in 2015 and more consumers consider buying a home, it’s important to consider the role that your credit score plays in your ability to secure a mortgage. Conventional mortgage lenders will typically want a FICO score of at least 720, or in some cases 740, but those with a score below 700 may still qualify for an FHA loan. Our Mortgage Preparation services are second to none. They include a comprehensive approach to repairing and restoring credit, so that our clients can be approved for a home loan. The process we use is fast and efficient, with score boosting results in only 60-90 days! As a result, clients are able to buy a home with bad credit that has now been restored thanks to our specialzed real estate credit repair home buying program!
Each client is unique, which is why we create an individualized credit repair mortgage approval road map for each client. Each road map includes a different level of mortgage credit repair, restoration and coaching. We want our clients to truly understand what their credit report means and what they can do immediately to increase credit scores to buy a home.
One of the last things you want to do is to pay rent forever instead of building equity in a home of your own. When you're going to be in a particular city for at least a few years, buying a home there is usually a financially savvy choice. Because a mortgage is such a big loan, it's important to raise your credit score as much as you can before applying. That way, you'll get the lowest possible interest rate. This not only lowers your monthly payment, but also decreases the total cost of interest. So it’s more important than ever to prepare your credit for a mortgage application. Cleaning up your credit report and increasing your credit score will improve your chances of getting approved. If your credit’s already good, maintaining it will be key in locking in a low interest rate.
Our company has a tried-and-true process for handling credit dispute resolution. It involves:
- Multiple phase audit process
- Direct contact with creditors and collection agencies
- Removal or change of erroneous information
- Over 400 custom letters
- Credit expertise
- Credit improvement technology
- Online portal for tracking progress
Your Credit Score is a number that controls many facets of your life, including interest rates, insurance rates, and even your current and future job: It's Serious, and So Are We!
Contact a Mortgage Preparation Specialist now.