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    Getting Pre-qualified and your Credit Score

    One of the first steps you should take in the home buying process is to get pre-qualified for a mortgage loan. This is important because it helps you to understand what you can afford and what your monthly payments will be. Even if you have some idea of what you can afford, it is still important to get pre-qualified. Not all types of financing can be used for every property.

    One of the most important factors that lenders use to evaluate whether or not to lend you money is your credit score. If you are unsure of your credit score, there are many sites that will give you a free credit report, such as

    Credit score

    A few things to remember when trying to build up your credit score: always pay your bills on time. Also, before you are tempted to sign up for a new card at your favorite retailer, keep in mind that every time you sign up for a card it could affect your score.

    For more information on your credit report, getting pre-qualified and the different financing options available, feel free to contact us and we will give you some great recommendations of Mortgage Lenders in Lancaster County.


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