Veteran's Guide to Home Ownership and Credit Repair
Homendo Editorial Team
May 16, 2016 • Forensic Industry Report
Veterans United
Veterans and military buyers can face unique credit challenges. That’s a big reason why it’s important to get your credit in shape before starting the home-buying process.
Credit scores are symbols of your ability to repay debts. They’re also a make-or-break requirement for mortgage lenders.
A mortgage credit report will typically contain three scores, one from each of the major credit-reporting agencies: Equifax, Experian, and TransUnion. Your lender will use the median, or middle, score for the purposes of home loan pre-approval.
Your credit scores can also play a role in what it costs to borrow. The stronger your credit profile, the more likely you are to secure financing with a great interest rate.
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