Buyer Agent Search service by Skyfor, Inc. discusses the importance of maintaining a good credit score. A high score will help guarantee a successful home buying experience.
A new report and podcast released by Denver Colorado’s Best Agent Finder service examines two of the most important things home buyers should know to secure a good home loan. These tips were shared at the Colorado KHOW Real Estate Consumer Radio Show hosted by Denver host, Barry Miller, and Colorado Springs co-host, Larry Stanley on January 25, 2020. The discussion highlighted the importance of having an established credit history, and starting the process early. These factors play a big role in the success of the home purchase, especially for first-time homebuyers.
Read the full summary along with the radio show audio here: https://buyeragentsearch.com/colorado-expert-lender-advice-for-first-time-home-buyers/
Credit history is used as a way to determine how much risk a lender may have to take with a loan. It will show if a person is responsible for paying debts. This is why it is vital for consumers to check their credit history, especially when getting a loan, because underwriters will require a good credit score. Lenders carefully review credit reports to decide whether a loan application should be approved or not. A credit report is a summary of a person’s credit history that includes the borrower’s 1) name, address & social security number; 2) credit cards; 3) loans history; 4) amount of money owed and 5) payment history.
The hosts of the radio show encourage consumers to check their credit history before starting the home buying process months or sometimes years in advance. This vital first step helps consumers save time, energy and money because it limits the chances of delays and increases the chances of home loan approval. There are three major credit agencies. Financial advisors recommend having a credit check annually to avoid fraudulent transactions and identity theft.
The things that consumers can do to maintain a good credit score are: 1) have a good employment history; 2) work on a stable income; 3) manage finances responsibly and 4) seek expert advice and service.
Skyfor Inc’s Buyer Agent Search has given real estate buyers and sellers assistance for more than 20 years. Initial home buyer guidance is provided through this service. The service suggests top buyer agents and explains the home-buying process. All agents in the network are capable of giving their clients a list of reliable local lenders.
The service routinely follows up with consumers to make sure the agents are doing an excellent job for them. The service provides home buying or selling tips on its website, and instant access to a list of buyer agents at https://buyeragentsearch.com/find-a-buyers-agent/. This free list of agents is available 7 days/week, and live staff are available to discuss specific preferences.
Skyfor also manages the non-profit association for buyers in Colorado, https://homebuyerscolorado.org. The inquiry form encourages visitors to specify their initial contact preferences of text, email or phone, and whether they are seeking mortgage assistance.