Just for First Time Home Buyers,St Charles County MO Homes for Sale,Linda Grissette,VIP Real Estate

Why Your Credit Is Important

Before a lender can approve a loan on a home, they will run a credit report on the borrowers.  The credit report summarizes the credit history of the borrower.  It also contains the all important "credit score".  The credit score is a numeric representation of the borrowers credit history that determines what kind of a loan the borrower can obtain.

What difference does it make?

In makes a difference in the interest rate of the loan and the amount of down payment the borrower will be required to make.  A lower interest rate allows a borrower to buy a more expensive home...with more amenities.

If you are interested in knowing exactly home much home you can afford, have Linda Grissette have a lender contact you.

 

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Just for First Time Home Buyers,St Charles County MO Homes for Sale,Linda Grissette,Keller Williams Realty West

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Just for First Time Home Buyers,St Charles County MO Homes for Sale,Linda Grissette,Keller Williams Realty West

Linda Grissette, Broker

VIP Real Estate

1329 St. Gregory Lane, St. Charles, MO 63304
636-352-7122
Linda is a licensed Broker in the State of Missouri.

 

 

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