The #MARCUMsold Show: Episode 32 What You NEED To Know About Your Credit Score Before You Shop for a Home 📈
Hi, we are back today with a super informative episode of The #MARCUMsold Show! Today, I'm thrilled to be sitting down with credit expert, Susan Hatfield of Benchmark Mortgage in Richmond. Susan has reviewed over 10,000 (!) credit reports in her life, so she is a wealth of knowledge and has some great information about why your credit score matters when purchasing a home.
Credit scores affect:
1. Your interest rate.
2. The type of loan you are able to get (which affects your overall payment)
3. Your PMI which is a fee that is added to your monthly payment. If you can tweak your credit score, it can drop your PMI payment significantly.
Knowing where your credit score is at is a super important step in the home buying process. The sooner we can start to repair your credit score, the sooner you'll be ready to purchase your home!
Remember: Our ultimate goal is always to get you into a home that you will stay in for a long time, pay it off and live the debt-free American dream! Check out my interview with Susan to see a real world example of how adjusting your credit score can really positively affect your monthly payments.
#RichmondKY #BereaKY #HousingMarket #Realtors #Buyers #RealEstate #BHHS #MARCUMsold #HomeBuyers #HomeSweetHome #WantToMove #Homeowner #CreditScore #PMI