Is Your Credit Score Really THAT Important?
✨ Is Your Credit Score Really THAT Important? ✨
I recently had a great chat with Debbie Bennett, Senior lender, for Cross Country Mortgage about a question many of my clients ask: Is your credit score really that important when buying a home?
According to Debbie, yes, it is extremely important! A high credit score can make a big difference in several ways:
It affects your interest rate – The higher your credit score, the better interest rates you may qualify for.
It impacts the loan programs available to you – With a higher score, you may have more loan options to choose from.
It determines how much you qualify for – Since the interest rate plays a role in your monthly payment, your credit score can influence the total loan amount you qualify for.
How Do You Boost Your Credit Score?
One of the most common ways people improve their credit score is by paying their bills on time. But, Debbie shared that there’s another quick tip: Pay down your credit card balances. Many people don’t realize that having a high balance on their cards can drag down their score.
Now, should you pay those balances off all at once or slowly? It depends. Debbie recommends working with a mortgage professional to run a credit simulator, which can provide customized advice based on your individual situation. It’s not one-size-fits-all when it comes to credit, so tailored guidance can make a big difference!
If you're thinking about buying a home and want to make sure your credit is in the best shape possible, don’t hesitate to reach out! I’d be happy to connect you with Debbie Bennett from Cross Country Mortgage for expert advice.
Your dream home is waiting, and with a little attention to your credit, you can make that dream a reality!
Raegan Thorp
Raegan Thorp Real Estate Group
📧 raegan@rtrg.homes
📧 info@rtrg.homes
🌐 www.RaeganThorp.com
#CreditTips #HomeBuyingJourney #RealEstate #RaeganThorpRealEstate #MortgageAdvice #DreamHome #RTRG #atlantarealestate #realestatemarket #homesweethome
