A high credit score can greatly enhance your chances of getting a good loan at a great interest rate, which can save you thousands of dollars over the life of the loan. That is because, lenders often price interest rates on individuals credit scores as well as their debt to income. So, when preparing to purchase a home in San Diego, it’s very important to make sure you have the best credit score as possible. The chart below, provided by the California Association of Realtors, debunks 6 common myths I hear often with first time home buyer’s in San Diego. Because your credit score can cost or save you thousands of dollars, don’t go into a home purchase blindly. It pays to do your homework. Call me, I can help.
Tami McCraw
