"As we express our gratitude,
we must never forget that the highest appreciation is not to utter
words, but to live by them."
Wishing you and your family health,
happiness and success this Thanksgiving Holiday!
The Kelly Zitlow Group
Cherry Creek Mortgage
Kelly Zitlow, Tara Bradley
& Karen Hunt
A credit report is one of the initial
items a lender reviews to pre-qualify a potential buyer for a
mortgage. Credit scores are a very significant part of the home
buying process today, but are not solely the determining factor.
Today, we take into account all activity reflected on the report
including late payments, judgments, tax liens, collections and
charge-offs. There have been times when a borrower has a credit
score which meets the lending guidelines, but because of other
activity reflected in their credit profile they are not able to
qualify for a mortgage.
Tips on improving credit scores:
A couple other items to keep in
Disputed Accounts becoming an issue~
Free copies of credit reports can be
obtained at the following website: www.annualcreditreport.com
The credit of many Arizonan has
suffered as a result of the economic turmoil the Arizona market has
experienced over the last few years. If you have prospective buyers
in a tough credit situation, feel free to share this information
with them. Educating our next wave of buyers is going to be the key
in getting them on the path to homeownership! Feel free to contact
me anytime with questions you may have.
Wishing you a fantastic weekend!
For all previous market updates, click here