Now is the Time to Review Your Credit

If you are looking to buy a house in the near future, right now is the time to review your credit report. Any errors can cost you points. An excellent credit score will save you money. A higher credit score 740+ will get you the best interest rates than a lower credit score of 620. A lower interest rate will equal more money in your pocket.

You can get a free credit report once a year from all 3 credit bureaus at Make sure you report any discrepancies to each of the bureaus in writing. Note: Free credit reports do not show your FICO score.

If your report has no errors but you need help improving your score then here is when a good loan officer can help you point out items that an underwriter might flag if you were to apply for a loan. You would need to get your credit run by a loan officer (you might have to pay a small fee usually under $25) and have him or her explain to you what items need to be resolved or explained so that you can be in a better position to be approved for a loan before you start shopping for a house with your Realtor.

Read more about what what you can do to improve your credit at

To learn more about the home buying process write to

Liuba Bejarano, REALTOR, Short Sale Resource Certified