Wednesday, April 05, 2006

Access Your Free Credit Report

One of the first steps to buying a home is arranging for financing and getting a pre-approval letter from a lender. This is a good time to take advantage of your rights under the Fair Credit Reporting Act. This law requires the 3 credit reporting companies - Equifax, Experian, TransUnion - to provide you with a free credit report once a year.

Your credit report contains information on where you live, how you pay your bills and if you have been sued or filed for bankrupcy. It is used by businesses to evaluate applications for credit, insurance, employment and renting a home. Very often information on your credit report is inaccurate and you will want to get any discrepancies cleared up prior to applying for a home loan. Your credit reports effects whether or not your can get a loan and the interest rate you will pay. The better your credit report the better financing you will get.

Our March Podcast gives details on how to access your free annual credit report. Just visit our website, www.ButlerTeamHomes.com and click on the Podcast button. After receiving your credit report you may have questions about what it means. If so, give us a call, 866-222-0158 #550. We will put you in touch with a reputable lender who willbe happy to explain what it means.

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