Is Your Annual Credit Report Accurate?

Posted: under Financing, Home Buying.
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When was the last time you checked your credit report? Are you aware of everything that’s listed on your report? Many credit reports contain errors that seriously affect your score. You are entitled to a free annual credit report from each of the three credit bureaus.

Take Homer Buyer’s story, for example.  Homer was preparing to buy his first home.  He and his fiancée, Ivana Newhouse, plan to move in when they marry.

Homer found the perfect house and then he went to apply for a loan.  Homer had already discussed the loan over the phone with his mortgage broker, and the broker said he was sure Homer could qualify based on the information Homer had given him.

But when Homer went to meet the mortgage broker to fill out the loan application, he was in for a surprise.  More…

Comments (7) Feb 17 2009

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