A healthy credit score is imperative to securing low interest rates for mortgage loans… but there are so many myths surrounding credit that it can be difficult to know what is true and what is not. Thankfully, the graphic above has done all the myth-busting and debunking for you.

If you don’t know your credit score, now is a good time to find out. As of 2003, the Fair Credit Reporting Act mandates consumers be able to access their credit report for free once a year (Fair Credit Reporting Act). You can access a free, secure, and accurate credit report from Equifax, TransUnion, and Experian at https://www.annualcreditreport.com/index.action .

Your credit score and report reflect your borrowing history and affect large purchases and investments such as buying a home, financing education, purchasing a car, and more. Knowing what’s in your report gives you an opportunity to spot signs of identity theft or errors which could negatively affect your score and borrowing capabilities.

Contact us today to find your dream home and we’ll work together to make it a reality.