Company Logo
SIGN UP LOGIN

Posts from February 4th, 2019

Cressy & Everett Real Estate Blog

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Baroda, MI | 6 Posts
Benton Harbor MI | 7 Posts
Berrien County | 9 Posts
Bristol, IN | 1 Posts
Buying a Home | 82 Posts
Career Opportunities | 4 Posts
Community | 4 Posts
Company News | 13 Posts
Cressy & Everett | 6 Posts
Elkhart IN | 5 Posts
First-time Buyers | 3 Posts
Giving Back | 4 Posts
Goshen IN | 3 Posts
Harbor Country, MI | 2 Posts
Home Improvement | 39 Posts
Home Loans | 2 Posts
Home Safety | 1 Posts
Homeownership | 53 Posts
Michiana | 39 Posts
Michigan Homes for Sale | 1 Posts
Nappanee IN | 4 Posts
Niles, MI | 1 Posts
Real Estate Professionals | 2 Posts
Saint Joseph MI | 22 Posts
Selling Your Home | 53 Posts
Senior Buyers | 1 Posts
South Bend IN | 105 Posts
Sturgis MI | 1 Posts
Top Agents | 2 Posts
Uncategorized | 4 Posts
Welcome New Realtors | 36 Posts
Thurin Managing Broker Partner Shareholder Real Estate Homes for Sale Indiana National TV Fox & Friends Michael Corbett Meredith & Kamp Merger Cressy & Everett Indiana Real Estate South Bend IN Notre Dame Leading RE career in real estate Area Information Community Information become a Realtor jobs Nappanee Indiana Elkhart County Open House Selling Your House Selling Your Home Sturgis MI Buying a house Historic Sites Historic Districts Neighborhoods Energy-saving tips Elkhart IN Saint Joseph MI Home safety Home maintenance Home inspection Things to do Retirement Senior Buyers Downsizing home loan mortgage mortgage payment Holidays Community Events For Sellers Home-selling tips Curb Appeal Local Businesses Home offer Purchase offer For Buyers First-time buyers First home Outdoor activities fireplace safety for owners homeowner tips Fitness centers REALTORS® Real estate agents Real estate brokers Golf courses Mother's Day events Restaurants Parks Green spaces Home-buying tips Final walk-through Home improvement Energy efficiency Smart home technology Wedding venues Bridge loans Condo living For families Road trip Landmarks Home Trends Family Fun Family Activities Halloween Granger IN Mishawaka IN Benton Harbor MI Three Rivers MI Niles MI community giving back DTSB LaSalle Grill employees brokerage REALTORS Constantine MI Dowagiac MI Eau Claire MI Bristol IN Goshen IN Lakeville IN Osceola IN Jones MI Berrien Springs MI Coloma MI Buchanan MI Middlebury IN Edwardsburg MI Plymouth IN Baroda MI New Carlisle IN spring trails Union Pier MI Cassopolis MI Sister Lakes MI Stevensville MI Union MI Vandalia MI Watervliet MI Moving Wakarusa IN Walkerton IN Shop Local Shoreham Village MI Food & Drink Summer Fall readers choice List Home Multi-generational living WNDU hiking Winter
English
February
4

February 4th, 2019 by

Buying a House 5Cs of Credit
Deciding you're ready to buy your first home is both exhilarating and intimidating. It takes time and effort to scrimp and save up enough for a down payment, then comes the exciting search for your dream home. Once our real estate agents help you find the perfect property, you'll have to get down to the nitty gritty – qualifying for a loan. 

Before a lender is willing to approve your loan application, you must prove that they can depend on you to pay back what you borrow. The "5 C's" of credit are the factors used to determine your creditworthiness. Let's take a look at each one in detail.

  1. Character
    Character is the lender's determination of your general trustworthiness. Since it's not likely that the lender knows you personally, this is generally determined by reviewing your credit report and credit score. They'll look for red flags like a history of failing to make payments on time, loan defaults, or a general lack of credit history.

    The higher your credit score, the more likely you are to receive approval and a favorable rate. You can prepare for this review by checking your credit reports before applying for your loan. This will give you time to correct any errors or take steps to improve your score if needed.

    Click Here to Read More...

Categories: Buying a Home

Login to My Homefinder

Forgot Password

Register

Pixel