When buying a home, a lender will run your credit score to start the process of getting pre-qualified. What you should KNOW is that your credit score will dictate how much of a loan the lender will give you.
While this might sound scary to you, it is going to give you piece of mind should they find anything you may need to correct or perhaps even something you were unaware of. We HIGHLY recommend getting pre-qualified as many sellers will not even entertain an offer unless your financing is in order.
If you have a credit score in the 600s, a lender will have a much different value of how much home you can afford vs. if you have a credit score in the 800s.
1. Payment History
35% depends on bills paid on time. Note: Auto-pay is a total game…
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