SAVING FOR HOME OWNERSHIP CHALLENGE
Published | Posted by Adrienne C Wilson
DAY 3: CHECK YOUR CREDIT SCORE
Today is especially important if you're saving for a home. Your credit score will impact what type of loan you can get approved for, how much you have to put down, the interest rate you'll lock in your mortgage at, and how much house you can afford to purchase based on your debt-to-income ratio. After learning your current credit score, you can make a plan to increase that number and/or pay down the debt that is contributing to that score.
Bonus Tip: Set yourself up with an account like EXPERIAN to protect your credit score and keep close tabs on where it's at!
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