Knowing “how you rate” is important when considering a purchase of a house, car, and even a job.

In San Antonio is seems houses are beginning to fly off the shelves with Buyers taking advantage of the still all time low interest rates. Knowing “how you rate” is the first step in buying the house of your dreams.

If you haven’t guess by now…I am referring to your credit rating.  This,  along with your debt to income ratio, will help determine how much money you will qualify for (go shopping with) and what interest rate you can get in order to begin your search.

Currently if you have a credit score of 700 and above you are Golden. If the score is 700-650, your in great shape; 650-600, borderline; and 600 and below limited options; however still opportunities.

Don’t have a clue what your credit score is?  You can being by receiving a FREE copy at Annual Credit Report.  This will help you be more knowledgeable before you meet with a mortgage loan officer.

If the score meets at the lower end of the scale; don’t be alarmed and think this is it, I can’t buy a house.  With the assistance of a mortgage loan officer and your REALTOR® they will be able to assist you with your dream house. If you don’t know a mortgage loan officer your REALTOR® will be able to assist your locating one.

So get your FREE report…see “how you rate”…call your REALTOR®…and begin shopping for your dream house.

Til Next Time…