What’s in your credit report?

If you’re thinking about purchasing a home in the future, there’s no time like the present to obtain your credit report and score. Ordering your credit report provides an important opportunity to check to see if you have any errors in your report or someone has been using your credit —before you apply for a home loan.

The truth is, knowing what’s in your credit report and making sure it is error-free is an important part of preparing for any big purchase. In fact, monitoring your credit is simply a good idea any time.

Getting a copy of your report and score is simple. Each credit reporting agency is required under federal law to provide consumers with one free credit report annually. As a result of the global pandemic, consumers are temporarily able to get free weekly reports through April of this year. Go to this website to order your free credit report and get information about how to order your credit score as well. Your credit score is a three-digit number designed to reflect the quality of your credit. It can take some time to correct any errors in your credit report, so the earlier you do this, the better.

Before you start your home search, you’ll also want to get pre-qualified for a home loan. That way, you’ll know how much home you can afford and you’ll be able to start making offers on homes in your price range. Most buyers will accept offers only from home buyers who have been pre-qualified for financing. We can help with that! Just give us a call at (425) 233-6070.

Once you have your financing lined up, it’s time to find a real estate agent who can help you find the best home for you and your family. It’s estimated that 88 percent of all buyers purchase their homes through an agent. The advice and assistance of a knowledgeable real estate agent can be invaluable in the home-buying process.