Buyer's Reports
Real Estate Buyers Guide, Real Estate Buyers Agent Texas, Tips On Home Buying

Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for.

Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

Pay down credit card bills. If possible, pay off the entire balance every month. However, transferring credit card debt from one card to another could lower your score.

Don’t charge your credit cards to the maximum limit.

Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.

Don’t purchase big-ticket items for your new home on credit cards until after the loan is approved. The amounts will add to your debt.

Don’t open new credit card accounts before applying for a mortgage. Having too much available credit can lower your score.

Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.

Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.

This information is copyrighted by the Fannie Mae Foundation and is used with permission of the Fannie Mae Foundation. To obtain a complete copy of the publication, “Knowing and Understanding Your Credit,” visit Home Buying Guide.

Preston Hollow Real Estate Agent - Park Cities Luxury Estates

If you're in the Home & Real Estate market to buy or sell your home in the Preston Hollow, Park Cities, Highland Park areas, call me. You can rely on my 24 years real estate experience, legal background and local market knowledge. My strengths are service, negotiations, diplomacy and making the home buying and selling process fun and easy for you. I grew up in Dalton, Georgia around my family's jewelry business. I learned at a very early age how to place my clients on the pedestal they deserve. Getting you what you want is my ultimate aim.

Designations, Affiliations, Awards: Certified Residential Specialist; Accredited Buyer's Representative; Certified Luxury Home Marketing Specialist; Certified Home Marketing Specialist, Certified Negotiating Specialist; Founding Associate Keller Williams Elite; Keller Williams International Gold Medalist

BERNICE EDELMAN
Dallas Realtor
Keller Williams Elite Properties
8201 Preston Road, Ste: 265
Dallas, Texas 75225
214-420-3771 Office
214-384-7700 Cell
bedelman@kw.com