RENT PAYMENTS

Rent payments can now be in consideration to count for all FHA buyers as first time buyers. This will truly help first time buyers as they make rent payments on time and which will boost their credit scores. There are many other remedies and major one, such as using a secured credit card with your own money by building your credit which is most common.

This is a major break through by putting this on the table in 2021 for all first time buyers by counting rent payments showing even more credit worthy. Providing you make your rent payments on time you are more than capable of making on time monthly mortgage payments. Provided you have rented for many years you may see a huge spike in your credit score. 

Many renter's are not fully aware how that late payment history impacts even the next rental property you apply for. Click link to learn more about rising rent /RISING-RENT---32819---32836---Dr-Phillips-6-23431.html?preview=1

LENDERS

Lenders and underwriters in the Dr Phillips area and across the nation look for a positive history and on time track record, in their eyes with a high score especially well over 700 shows lenders that you are not a major risk in this process. 620 is the middle score that will keep you in the game, so it is highly recommended you attain your score high as possible to achieve the highest middle score between the three reporting bureau agencies.

Lenders want to loan money, however they must feel comfortable knowing that you are stable in your finances. Once there are twelve consecutive payments you will see an instant increase in your credit score. Ensure that you have no collections hanging out there, if so negotiate them and keep your records showing that they are paid off. Student loans are counted as 15% of the balance and not the full amount against you to qualify for a loan.

GOAL

The goal is to open thousands of doors for first time buyers across the nation to make home purchases and investment properties. Serving Dr Phillips, Disney area and all Central Florida. Stay connected with a trusted advisor and professional realtor such as myself at 850 496-6412 to guide your footsteps each step of the way.