{"id":435,"date":"2017-02-10T18:47:56","date_gmt":"2017-02-10T18:47:56","guid":{"rendered":"http:\/\/marioshomenews.com\/?p=435"},"modified":"2017-02-03T18:58:54","modified_gmt":"2017-02-03T18:58:54","slug":"miami-mortgage-broker","status":"publish","type":"post","link":"https:\/\/marioshomenews.com\/?p=435","title":{"rendered":"The Importance of Good Credit When Buying a Home"},"content":{"rendered":"
\"Miami<\/a>

Miami mortgage broker<\/p><\/div>\n

 <\/p>\n

Your Credit Score is Important<\/h2>\n

As a realtor and Miami mortgage broker, I help individuals and families find the perfect home. \u00a0 I also help them secure mortgage financing.<\/p>\n

Per Freddie Mac:<\/p>\n

If you\u2019re thinking about buying a home, you need to be aware of your credit score \u2013 one of the most important factors when qualifying for a loan. Generally speaking, a higher score can mean a better chance of getting approved for a loan and securing a lower interest rate.<\/p>\n

 <\/p>\n

What is Your Credit Report?<\/h2>\n

Your credit report is a record of money you’ve borrowed, your history of paying it back and how much open credit is available to you. Lenders rely heavily on the information in your credit report as it signifies your creditworthiness and the likelihood that you’ll repay your mortgage.\u00a0Your credit score helps lenders decide how likely you are to repay your debts and plays a significant role when securing a mortgage. Scores range from 300 \u2013 850 points and are based on:<\/p>\n

The average credit score is 725. If your score is below 725, you can still get a loan, however you will not have as many options and your rate will be higher. If your score is in the low 600s, we encourage you to reach out to a Housing Counselor today to start rebuilding your credit.<\/p>\n

<\/h2>\n

Summing it up:<\/h2>\n