Article: Credit For Buying A Home Not The Same As Credit For Buying Cars
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Credit For Buying A Home Not The Same As Credit For Buying Cars
Forget what you've been told about credit. Qualifying for a real estate purchase requires different credit than automobile financing or retail credit.
You may be shocked at some of these tips because this information runs contrary to what other so-called credit experts tell you.
Common Credit Myths
1. You need to pay off your credit cards
2. You need to close credit accounts
3. You need perfect or good credit to buy a house
Credit Facts
1. Paying off your credit cards lowers your credit score
2. Closing credit accounts lowers your credit score
3. You don't need perfect credit to buy real estate
Why not pay off credit cards? Because pai...
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