From getting pre-approved to scrimping and saving for a down payment, buying a home is daunting. And If you're like most of us, the amount of your monthly payments is a big factor in determining how much home you can afford to buy. |
Here's what you need to know: |
|
Your credit scores are a critical factor in determining your interest rate. |
|
|
In turn, that interest rate helps determine your monthly payment amount. |
|
|
Higher credit scores can help you get a lower interest rate. |
|
|
Paying less interest means you can buy more home without raising your payment. |
|
|
And having higher scores can lower the percentage you have to put down. |
|
Find out where you stand with TransUnion®, Equifax® and Experian® before you hit the pavement! |
|
Checking your credit will NOT harm your credit scores! |