Photo by Alan Cleaver
You know your credit report and credit score are important when you are purchasing a home, but do you know how to check them? Did you know you can check your credit reports for FREE?
There are a lot of websites that claim to offer a free credit report, but the truth is that most of them are really trying to sell you something. Annualcreditreport.com offers consumers the chance to check their credit reports from Equifax, Experian & TransUnion once a year for free...without having to purchase anything! Each report will probably slightly different, so it is a good idea to check all three to make sure there are no mistakes. If there is a something incorrect on your report, checking it in advance will give you the time to have it corrected without holding up your home purchase.
Keep in mind your credit report and credit score can change on a regular basis so don't be alarmed if the information is slightly different when your lender checks your credit report.
Your credit score is usually not something you can look up for free, but you will have the option to purchase that information for a small fee.
Once you have spoken with a lender for your loan pre-approval, you should avoid taking out loans, moving around money or charging purchases. If your credit score changes drastically, it could jeopardize your loan approval.
Click here for more information about your credit and purchasing real estate!
