Buying a Home in Salt Lake City, UT

head_left_image

Credit Scores - Know Yours!

Don't be one of the many buyers that are unsure of their standing in the credit department! Not knowing could lead to an agreement to pay a higher interest rate. Knowing your credit score could help you get the best interest rate available.

Most of those who believe their credit score is excellent are often correct. Many who are unsure of their score, are often surprised to find out that their credit actually is great or excellent. According to Experian.com, a score above 670 is considered good and a score above 740 is very good. To be considered exceptional, your credit score should be between the range of 800-850.

Credit scores are tools that lenders use to determine their decision to loan you the funds you will need to buy your home. Some people don't understand how scores are calculated. Credit scores are determined through a look at your payment history on loans and credit cards, your total debt and the amounts owed on all your debts, the length of your credit history and how many credit inquiries you have had. Many people think that having a late payment or two will ruin their credit score. However, this may not mean your score has changed enough to force you into a higher interest rate.

If your credit score is lower than you thought it should be, there may be some errors on your credit history. Most errors can be easily cleared up or eliminated with supporting documentation. At Homebuyer Reprsentation, we have had clients who have cleared up their credit and qualified for a loan in less than 30 days.

Part of our service is to guide you to those that can help you with your mortgage loan and with any credit repair that you might possibly need. A trustworthy mortgage professional will be able to help you review and prepare your credit file in advance. We will point you in the right direction and let you know if we think you are paying more for your loan than you should be.

Exclusive Buyers Agents do not list homes and will not ask you to limit your level of representation. They will be 100% on your side during the transaction, representing YOU, negotiating on YOUR behalf and protecting YOUR interests.Buyer Agency Agreement

  • Do you have excellent credit?
  • Do you plan to purchase a $400,000+ home within 60 days?
  • Do you have a good down payment, or are you paying cash for your next home?
  • Do you want an agent on YOUR side throughout your transaction?
  • Do you have questions about buying a home in the Salt Lake community?

Don't leave things to chance. Get YOUR OWN agent!

Call or text us at (801) 999-8889 today for a free consultation.

©2019 Homebuyer Representation, Inc.

Comment balloon 0 commentsBenjamin Clark • July 30 2019 07:39PM
Credit Scores - Know Yours!
share
Don't be one of the many buyers that are unsure of their standing in the credit department! Not knowing could lead to an agreement to pay a higher interest rate. Knowing your credit score could help you get the best interest rate available. Most of… more
Refi Without PMI, Even if Your Home Value Has Declined
share
Have property values declined, not so much as to put you ridiculously upside-down, but enough that your current loan balance may no longer be less than 80% of the current value of your home? If you're in a position where you don't pay PMI now… more
FHA MIP on the Rise - FHA Loans Becoming Less Attractive, Costing More
share
FHA Annual Mortgage Insurance Premium just went up another 25% On a $300, 000 loan, this means the monthly payment just went up $62. 50 per month! This goes into effect on loans insured by FHA on or after April 18, 2011. I hope our… more
Mortgage Loan with a 500 Credit Score? It's Possible!
share
According to a number of Wells Fargo Home Mortgage originators, Wells Fargo will now allow an FHA borrower to get a mortgage with a credit score of less than 600. In exchange for a larger down payment and a lower overall debt load (lower Debt… more
How to "Shop" Loans and Lenders Part 1 of 7 (How to Shop…
share
Many Buyers pay 1-3% too much for their loan in up-front costs, even after "shopping" for lenders. Some choose a lender solely based on which one has the lowest up-front costs, but they end up paying for it by getting an interest rate… more
How to "Shop" Loans and Lenders Part 2 of 7 (Same Day -…
share
Many Buyers pay 1-3% too much for their loan in up-front costs, even after "shopping" for lenders. Some choose a lender solely based on which one has the lowest up-front costs, but they end up paying for it by getting an interest rate… more
How to "Shop" Loans and Lenders Part 3 of 7 (Same Facts)
share
Many Buyers pay 1-3% too much for their loan in up-front costs, even after "shopping" for lenders. Some choose a lender solely based on which one has the lowest up-front costs, but they end up paying for it by getting an interest rate… more
How to "Shop" Loans and Lenders Part 4 of 7 (TOTAL Cost)
share
Many Buyers pay 1-3% too much for their loan in up-front costs, even after "shopping" for lenders. Some choose a lender solely based on which one has the lowest up-front costs, but they end up paying for it by getting an interest rate… more
How to "Shop" Loans and Lenders Part 5 of 7 (Friend/Special…
share
Many Buyers pay 1-3% too much for their loan in up-front costs, even after "shopping" for lenders. Some choose a lender solely based on which one has the lowest up-front costs, but they end up paying for it by getting an interest rate… more
How to "Shop" Loans and Lenders Part 6 of 7 (References)
share
Many Buyers pay 1-3% too much for their loan in up-front costs, even after "shopping" for lenders. Some choose a lender solely based on which one has the lowest up-front costs, but they end up paying for it by getting an interest rate… more
How to "Shop" Loans and Lenders Part 7 of 7 (Extras…
share
Many Buyers pay 1-3% too much for their loan in up-front costs, even after "shopping" for lenders. Some choose a lender solely based on which one has the lowest up-front costs, but they end up paying for it by getting an interest rate… more
Beware the Bailout Buzzwords
share
Beware the Buzzwords. I had a recent experience with my current mortgage holder that makes me wonder if consumers are accepting "deals" from banks that are not "deals" at all. First, to be clear: I have equity in my… more
To Refinance or Not to Refinance?
share
Many homeowners are tempted to refinance at interest rates that haven't been this low since the 1970s. Well, should you? Or shouldn't you? The general rule of thumb has been to refinance if you can save more than 1% on the rate (with no… more
Suze Orman book free until Jan 15th.
share
Suze Orman's 2009 Action Plan. I just downloaded a copy but haven't read it yet. You have until the 15th to download and save your own copy (courtesy of Oprah). CLICK HERE Happy New Year everybody! If you have excellent… more