If you are thinking of buying a home you will want to examine your credit reports. I know the emphasis is on the credit score however you might want to pay attention to the fine print.
Start by requesting your annual credit report. You are entitle to a credit report from the three credit agency
- TransUnion
- Experian
- Equifax
I am bringing this to your attention because underwriters in the various financial institutions are requesting more and more documentation.
For example you might have an item on the report that you know was satisfied, if it is on the report you are going to have to provide lots of documentation.
So what should you do if you are thinking of buying a house? Before you start the process it would make sense to address any item on your report even if you have a good score.
You should have the information corrected and you can do so by contacting the credit bureau producing the report.
TransUnion www.transunion,com
Experian www.experian.com
Equifax www.investigate.equifax.com
Taking this step will make your home buying experience a better one.
Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com
www.jfivehomes.com or www.midhudsonhomevalue.com
