Jeff’s Carlsbad Blog for First Time Home Buyers


What is my Credit Score – Is It Good or Bad?

Posted in Due Diligence,Financial,Mortgage info by Jeff Dowler on August 14, 2007

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As a buyer who is going to be borrowing lots of money to buy a home (especially here in California), your credit may be one of the most important things to be concerned about.  And you may be wondering – what IS my credit score – is it good or bad?

  • If it’s good you are probably in good shape, baring other financial matters

  • If not, you will not be able to qualify for a loan.

  • And if you can’t demonstrate that you can handle credit, you probably should NOT be borrowing money anyway.

Given that lenders are being much stricter, credit issues have become even more problematic. Given how important your credit is to you financially, you owe it to yourself to know as much as you can.  

  • If you have credit problems you will want to fix them, and there are ways to do this

  • Many folks have errors on their credit reports that can prevent them from qualifying for a loan, and may now know it, but once these are fixed the situation can change dramatically.

I am NOT a credit expert but I know someone who is. A friend of mine, Morgan Brown, has written an excellent series on credit….probably everything you want to know and more. So I urge you to take a look at his series. You won’t regret the time it will take to review this material and you will learn some very practical things about credit in general, how to find out about your credit report, ways to improve your credit, and much more. 

Start your SAN DIEGO HOME SEARCH here.

Request Free BUYER and SELLER REPORTS here.

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