When you’re ready to buy a house you’ll want to know what credit score do mortgage lenders use and if yours is on the up and up. Let’s take a closer look so you’ll have your ducks in a row ready to go! *Timeline & More Info Below*
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In practice, I share with my clients to simply #JTAB = Just Take a Breath it’ll be alright as we move forward together. Remember, FEAR = False Evidence Appearing Real. What’s the best way to replace FEAR? With knowledge and you’re doing that right now. Kudos!
What you’ll learn:
1. Which credit score is used most by lenders!
2. What is a good credit score!
3. Do you need a credit score to buy a house?
NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like a gear. =)
1. 1:02 – There are 3 main credit reporting bureaus!
2. 2:00 – How important is a credit score to buy a house?
3. 3:38 – What does your middle numeric credit score mean to a mortgage lender?
4. 5:16 – The mortgage lender is highly likely to use the credit score for mortgage based on what’s called an RMCR credit report.
RMCR = Residential Mortgage Credit Report aka a Tri-Merge Credit Report or and 3-Bureau Credit Report.
Thank you for watching! =)
Enjoy an amazing day!
Trusted Real Estate Advisor, USMC Veteran
Andrew Finney Team
King Realty Group, Inc.
6955 North Durango Drive Suite 1004
Las Vegas, NV 89149
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group in Las Vegas, NV.
Andrew’s videos are his own and do not necessarily represent the views and/ or opinions of KRG.
The purpose of Andrew’s videos are to educate you and help you make sense of the real estate process. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services where you live, you are advised to reach out to the appropriate professional for further counsel about your own unique situation.
Video Inspiration: You!
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