Las Vegas MLS Houses for Sale | Thinking About Buying? Know Your Credit Score

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales. 

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.

Today, I want to touch on an important subject that affects all Home Buyers: Thinking About Buying? Know Your Credit Score

 

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. 

Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.’ 

Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a home. The truth is that according to Ellie Mae’s Origination Report, over 53% of loans were approved with a FICO® score under 750 last month!

 

Here are some tips for improving your credit score: 

*Make payments, including rent, credit cards, and car loans, on time.

*Keep your spending to no more than 30% of your limit on credit cards.

*Pay down high-balance credit cards to lower balances, and consider balance transfers to free up credit.

*Check for errors on your credit report and work toward fixing them.

*Shop for mortgage rates within a 30-day period — too many spread-out inquiries can lower your score.

*Work with a credit counselor or a lender to improve your score.

 

Once you know your score, your next step will be finding a lender and getting pre-approved for a mortgage. Doing this will ensure that you know your budget before you start looking for your dream home.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.