Credit: Know the Score

      When attempting to buy a house, there are many things to consider such as the type of home you want, the right size for you and your family’s needs, and your budget. But there is another aspect to consider that is just as important as the others, if not more so. That very important thing is your credit score.   

      That three-digit number can significantly affect the interest rate you may pay on your mortgage and even your ability to get a home loan. Knowing your credit score is essential when buying real estate. In addition to simply knowing your credit score, it is important to know the factors that impact your credit score as well. Factors like outstanding debt, the number of credit cards you have and your payment history can mean the difference between an excellent credit score and a poor one. Furthermore, your credit score will be one of the main factors in the interest rate you are offered.

     When it comes to your interest rate, every fraction of a percent matters. For example, the difference between a 4 percent interest rate and a 3.75 percent interest rate can be thousands of dollars over the life of the mortgage. It is also important to know your credit score so that you can get a competitive rate when shopping around for a loan.

      With the help of the Internet, you can most likely check your credit score with the three main credit bureaus for free without impacting the score itself. The other good news is that the team at Siesta Title and Escrow LLC can help you with your real estate questions. Call or email us today at (941) 889 - 7744 / and take an extra moment to like our Facebook page at to continue receiving the latest local real estate information!

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(941) 889-7744

866 Tamiami Trail #1, Port Charlotte, FL 33953, USA