Things You Should Know Before You Repair Your Credit; St Louis Mortgage Interest Rate Update

“Every single thing about housing is flashing green,” stated James Dimon, chief executive of J.P. Morgan Chase, in an interview with CNBC last month. “Household formation is rising, inventory is falling, and affordability is near a record high.”  This should mean many potential homebuyers will be assessing their finances in 2013 to get ready to buy a home.   Checking your credit score is at the top of the list, and in turn credit myths and credit misconceptions are plentiful.

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Things You Should Know Before You Repair Your Credit:

Continue reading “Things You Should Know Before You Repair Your Credit; St Louis Mortgage Interest Rate Update

Things You Should Know Before You Repair Your Credit; St. Louis Mortgage Interest Rate Update

Make Sure You Get Your “Real” Scores!

Most banks and lenders use scores calculated by FICO (also known as Fair Isaac) and derived from your reports with the major national credit bureaus Equifax, Experian, and TransUnion. Be careful, the credit scores sold at popular credit report monitoring websites are NOT the same scores that lenders use!