How's Your Credit?
This week's Homeowner Web Resource is a tool that will help homeowners determine their credit worthiness in the eyes of lenders. AnnualCreditReport.com is a legitimate website where you can request an instant copy of your credit report from the three largest credit reporting agencies.
By law everyone is allowed once every 12 months to have a free copy of their credit report from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.
Homeowners should always explore their available options including refinancing out of an high adjustable rate mortgage or sub-primes loans. Knowing your credit score along with the information on your report (good and bad) before you go for a loan will make it easier for you to frame your story in a way that a lending institution may be willing to work with you.
