Mark G. Phillips - BUYING YOUR FIRST HOME

A SHORT GUIDE TO CREDIT HEAL IT HEALTH

We are increasingly dependent on credit; therefore, it is necessary that you have a good understanding of personal credit reports and your credit score before beginning the process of buying a home. When you apply for credit (i.e., a mortgage, credit card, or utility service), your credit score is checked. A credit score in the 500s is poor, while one in the 800s is excellent. Depending on your credit score, lenders will determine what risk you pose. Increased credit risk as shown by a low credit score means that a risk factor is added to the price at which money

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