Lawrence, KS Real Estate
Nate Paradis
785-818-4226785-818-4226

How’s Your Credit?

If you’re about to buy real estate or another big ticket item requiring financing, your credit score may be a big factor.  Scratch that, your credit score will be a big factor.  Many buyers and refinancing home-owners are enjoying record low rates but they won’t stay that way forever.  Besides being impermanent, rates as low as 4.375% are simply not available to everyone due to lack of credit or credit problems.  Regardless of market conditions, you and your family need to be prepared so that your credit score doesn’t keep financing opportunities out of reach.

Credit Cards
Creative Commons License photo credit: Andres Rueda

If you haven’t checked your credit scores recently, it’s a great idea to jump over to AnnualCreditReport.com and take advantage of a free report from the three major bureaus.  If you do find some undesirable or inaccurate information, take action ASAP to correct these issues.  It can take up to 6 weeks to dispute or comment on your credit history, but the process is straightforward and your effort is essential to repairing your credit.  Credit issues should be pursued and resolved quickly since negative remarks can remain on your report for up to 7 years!

If you need assistance or just direction, give us a ring — we’ve got an outstanding team of professionals who can help.  In the meantime, consider requesting a free report — while doing so you can pay a small fee ($7-15) to receive your credit score as well.  You may be surprised at what you find.  It’s always better to be surprised now and have time to address it as you approach your next big purchase.  No one else is going to fix it for you, so stay proactive my friends!

 

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