| Did you know that your credit score that you purchase | | | | You may have been told that your credit score was |
| online is not the same credit score your mortgage loan | | | | 700 by a finance company. Therefore, you think that |
| officer gets? | | | | you have the perfect credit score to buy a house. |
| You probably know that when you apply for a | | | | Don't be surprised to hear from your loan officer that |
| mortgage, your loan officer gets all three credit | | | | your credit score falls short of a prime rate mortgage |
| reporting agencies reports with three different scores. | | | | loan. |
| From your three credit scores, most mortgage | | | | You don't want to have your credit history checked |
| companies use your middle credit score to determine | | | | too often. You do get a small penalty with a few |
| your credit worthiness. | | | | points deducted when you have too many inquiries on |
| Do you know that the credit score an auto dealer | | | | your credit report. However, when you're shopping for |
| sees is not the same credit score your loan officer | | | | a car or a home loan, the credit reporting agencies |
| sees? | | | | batch your inquiries into one. In other words, you can |
| Imagine our surprise to find out that my husband's | | | | call several mortgage lenders to shop for the best |
| credit score for purchasing my new car one afternoon | | | | terms and rates without losing points. |
| was 50 points higher than his top credit score was | | | | Don't waste your money buying your credit scores. |
| earlier in the day when he refinanced an investment | | | | These scores are not the ones real estate lenders get. |
| house. This happened because credit scores get | | | | Instead, get your credit scores FREE by calling a loan |
| computed differently for mortgages and auto loans! | | | | officer. |
| If you think that you have a great credit score | | | | Copyright © Jeanette J. |
| because you recently bought a new car, think again. | | | | |