Jun
29
Experts are urging the importance of the consumers credit scores for first time buyers. A score of at least 660 is needed to even qualify for anything. (ThinkGllink.com Jan 09) Kelly Grant from SmartMoney.com agrees that lenders are looking for at keast 760. Opinions will vary on how your score needs but in the end your goal for now should be raising your score as high as possible.
They will look at yor dept to income ratio as well. Keep paying your cards off and saving the dough a priority if you want to knock off annoying points off your mortgage!