Credit score needed to buy a house

If your credit score seems like a great big mystery, we’re here to help you crack the code once and for all.

Potential real estate buyers who plan to apply for mortgages to finance their home purchases must have pristine credit reports … or as close as possible. Especially in today’s credit conscious environment — big banks and lenders that got burned with loosey-goosey credit restrictions from a few years ago can’t afford to make the same mistakes twice.

Literally.

The first step to a great credit score is understanding your credit report.

The June 2011 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which teaches you how to understand your credit report and your credit score and, more importantly, what to do if you don’t like what you see.

Repairing damaged credit isn’t impossible. It doesn’t even have to be difficult or complicated, as long as you have the right tools and the right education.

Learn easy-to-implement tips for boosting your credit, where to get free credit advice, how to put your best foot forward when applying for a mortgage and much more.

To read this month’s free educational newsletter from Foreclosure.com CLICK HERE.

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