Posts Tagged first time mortgages

Getting A Mortgage For The First Time: 2

Saturday, April 3rd, 2010

home_mortgage_photoNow that we have talked a little bit about obtaining all of the loan information, the next step is going to be making sure that your credit report is all cleaned up.  What this includes is making sure that you certainly can explain anything that is on your credit that you can not fix – honestly, this is going to come up whenever you are shopping for mortgages, so make sure you can explain.

Anything that you can not explain may look a little bad to any potential loaners, so make sure that you have any explanations at the ready whenever you are questioned about your credit report.  You also want to make sure that you get an explanation for every single fee that you do not understand.

The reason for that is because you want to make sure that you keep all of your costs in check and you know what you are paying!