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First Time Home Buyer Info

Welcome to my blog for the First Time Home Buyer.   I will cover many topics to help you purchase your first home. Getting Started….. Let’s start with the basics in financing your new home…. THE CREDIT SCORE. What is a credit score? A credit score is a number based on a borrower’s bill-paying history and debt profile that lenders use to determine the likelihood of certain credit behaviors, including whether you will pay on time. The lower the score, the higher the risk, and the higher the rate you will receive from the lender. Whether you are buying your first home or are planning to take advantage of the current buyers’ market, in order to receive financing in today’s tight […]