Credit Tips from Jeanette Fisher

Whether you're thinking about a home improvement loan to finance your home makeover, buy your dream home or many investment properties, understanding the requirements for mortgage financing helps you save money.

Empower yourself with knowledge

• The credit you need for home improvement loans, home equity lines of credit or home purchasing is not the same as having good credit because mortgage financing requirements vary.
• Just because you have a good credit score doesn't mean that you get the best mortgage finance rates.
• You can raise your credit score and also your other credit requirements to save money on loan costs.

Home owners

• Don't over-extend yourself to makeover your home. Design Psychology, based on creating a home for happiness, also promotes economy in home design. You don't want to cause financial stress for yourself or your family by buying expensive home furnishings. Explore other design methods to change your home without spending a lot of money.
• When you're ready to get a home improvement loan for major remodeling or furnishings, be prepared by having your credit requirements in order. Besides your credit score, meet the other mortgage requirements with ease so you get a loan for no cost to you. You don't have to pay high fees for home refinance!

First-time home buyers

• Buying your first home, (an exciting undertaking!) also means that you get started on your financial future. Plus, you get to enjoy all the benefits of home ownership--fixing your home up your way!
• Whatever it takes to get into your first home, you need to feel comfortable with your monthly payments. Home buyers with strong credit save a lot of money on mortgage payments. For instance, buyers with good credit scores who meet the other mortgage requirements can buy with less (or no money) down and get lower interest rates. The lower interest rates save you about $300 per month on a typical first-time home purchase!

Real estate investors

• Financing multiple properties requires special credit preparations.
• You don't need to be at the mercy of hard money lenders.
• It's possible to finance a real estate portfolio without a high income from your job.

Find out how to get your credit ready to finance your dreams.

Free credit tips for financing report     Credit Help Tips Newsletter   

Buy Jeanette's book she wrote to help her students: Credit Help! Get the Credit You Need to Buy Houses Link to Real Estate Credit Help! Center  More credit articles