10 Tips to Help You Get Approved for a Home Loan

So how do you get approved for a home loan? Mortgages can be complicated and confusing for many homebuyers. It doesn’t have it be. In this article we will simplify the process of getting a home loan. Compare Loan Offers from Multiple Lenders 

1. Get Your Credit Report and Scores for Free To get a home loan there are several factors that come into play, but your FICO score is the most important. You can check your credit report and get your scores online for free. Credit Karma has a great tool that allows you to view your credit history and gives you updated credit scores. You can also monitor you credit and get alerts whenever there are changes to your credit. 

2. Look for Errors on Your Credit Report You will want to review your credit closely for errors. Mistakes on credit reports is a bigger issue than you may realize. In a study by the FTC they found that 1 in 5 consumers had at least one error on their credit report. If you do find inaccuracies you can dispute them with the three major credit bureaus. They have 30 days to investigate your dispute, if they find that the item in question is inaccurate they will correct it.


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