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From Low Credit Score to Dream Home: Strategies That Work
Manage episode 393980424 series 3546758
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Ever been curious about what credit scores are actually needed to unlock the door to your dream home? Well, you're about to find out as Chris and Bri break down the ins and outs of credit, from the bare minimums for homebuying to strategies for cultivating an enviable credit profile. This episode is a goldmine for understanding the difference between secured and unsecured debts, the effects of various types of credit inquiries, and how to manage the delicate balance between credit card usage and maintaining a score that'll make lenders swoon.
But wait, there's more! We're not just talking credit scores; we're exploring the profound impact your credit card balance has on those numbers. We dive into real-life blunders that could cost you dearly, like switching service providers without a second thought or closing accounts the wrong way. And for those of you who think a low credit score is a dead end, we provide a glimpse into the sobering reality of scores as low as 357 and how to bounce back. With our guidance, you'll learn how to navigate the credit requirements for various home loan programs and how to play your cards right to secure the keys to your castle.
In our final chapter, we shift gears to the nitty-gritty of homebuying with a less-than-ideal credit score. From down payments to debt-to-income ratios, we lay out the battle plan for improving your financial standing. Plus, we shine a spotlight on local programs that could give credit scores a backseat, focusing more on your income and family size. If you're building towards the goal of homeownership or ready to take the leap, join us to craft a personalized strategy for success. And for more real estate real talk, follow our 'Reality of Real Estate' Instagram and hit us up to share your journey. Toodles!
YouTube: https://www.youtube.com/@LucasLiveMedia
Instagram: https://www.instagram.com/realityofrealestatepodcast/
Email: Brianna Lehman- blehmanrealtor@gmail.com
Email: Christopher Lynch- Christopher.Lynch@ccm.com
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