It's NEVER too early to speak with a lender!
Posted by Merrill Jencks on Wednesday, November 9, 2022 at 10:15 AM
By Merrill Jencks / November 9, 2022
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It's NEVER too early to speak with a lender!
If you're thinking about buying a house but maybe you're six months or maybe even a year out before you're actually planning on taking action on purchasing a home. I think it is absolutely critical to begin speaking with a lender right now. Lenders can get your credit pulled now and I know you might be thinking, "oh I don't want my credit pulled because I'm not ready to buy and I don't want my score to drop" but here are the thing lenders can give you specific strategies on how to improve your score between now and the time you're actually ready to buy. So let's just say even if you've got great credit maybe you're currently sitting on a 720 credit score. The lender might be able to say, "hey you know what if you took this action, this action, and this action, we predict that your score would raise to a 760 over the next year and that extra you know boost in your score is going to get you a better rate". So it's never too early to start talking to a lender lenders have these credit simulators that they can put you through and say, "hey you know open up this new account pay this balance down, do X Y, and Z and you're going to see a boost in your score". Every little bit of improvement on your credit score is going to equal a better interest rate for you which over the course of a 30-year loan is going to save you thousands of dollars, so do it now.
What does this mean to you? If you're even a little bit interested in learning more about participating in the Phoenix housing market as a seller, buyer, or investor... you NEED to know this stuff! Or at least work with someone who is obsessed with the market stats. Reach out to me today so we can start working on making your real estate dreams a reality!
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