Credit Repair Houston Expert Vanessa Perry goes over the pros and cons of using a credit union vs. a mortgage lender when buying a home in the latest episode of Ask Impeccable below.
Where Do I Go For Financing ?
Before looking at homes it is best to have financing available and ready so you know how much of a house you can afford. Often times people go into the home buying process backwards by looking at houses with a realtor, going through the building process or straight to financing and realize they either do not have the qualifying score or income for the house they want to purchase. Financing is a smart first step into the process to better understand what needs to be done before purchasing a home. If you know your score is 750+ it is a good idea to go with a credit union. If you are unsure either start with a credit repair company or check with a loan officer.
What is the Difference Between A Loan Officer and A Credit Union?
A loan officer typically has more flexibility and different options on types of loans and lenders whereas a credit union only has one specific set of guidelines when lending. Going through a mortgage company may help if you are unsure in the lending process and they give you options based on what you qualify for. Typically credit unions have better rates if you qualify for them, but you must meet their guidelines to a tee.
Credit Repair Houston
Credit repair is to help you get the best rate possible when closing. The higher your credit score is the easier it is to qualify for a home. Impeccable Credit Services is not only a knowledgeable source of credit but also mortgage. The owner, Vanessa Perry was in the mortgage business as a loan officer FOR YEARS before entering the credit world. Make sure to do your research on what you need and where you go before signing up with just any credit repair company. Experience definitely makes a difference in service and overall quality.