Archives: March 2012

What Does a Credit Score Mean to a New Home Buyer?

Your Credit Score is a Number which determines your Financial Health. It plays a major role in your ability to borrow money, what rate you will pay and what terms your loan will include. The credit score provides lenders with a snapshot of your financial dependability and to forecast how you will repay the loan. It is important to know your credit score prior to applying for a loan so that you can take actions to improve it. The Jim Allen Group understands the importance of getting pre-qualified for a mortgage and will work with you to find the right lender whom can assess your credit and provide solutions that are right for you.