First Time Home Buying

Credit Report Scores - Who Determines Them?

There are three major credit reporting agencies: , , and .

Each of these credit reporting agencies receives information from credit grantors such as credit card companies, stores granting credit, mortgage companies, and banks. They compile your credit history and compute your credit report scores.

They provide your history and credit report scores to others who have a genuine interest in your credit worthiness.

Buy Your Home at a Discount

There are many ways for you to buy your new home. One way most people do not consider is to buy a home in forclosure.

Free Foreclosure Listing

If you want a real deal on your new home, you should consider foreclosures.

Homes in foreclosure are good homes. But, due to unfortunate circumstances, their owners cannot make the mortgage or tax payments.

The home may have increased in value since the owner originally purchased it. So you may be able to buy it for less than its worth.

Buy Your Home at a Discount How does this work? A home purchased 5 years ago for $150,000 may now be worth $225,000. But, the owner cannot make payments. The owner may have made a $5,000 down payment and gotten a $145,000 mortgage. Over 5 years the mortgage was reduced $10,000 by principle payments. The owner still owes $135,000. Could you take over the payments and offer the owner $20,000 in cash? That is, for $155,000 you could get into a $225,000 home. The only way to know is the ask the owner! How could you easily finance this? You could get a $155,000 mortgage on the home, pay the owner $20,000 and pay off the old mortgage. You wind up with a $225,000 home for $155,000. That's a 30% discount. Sound impossible? It's done every day.

 

Take a look at a listing of all foreclosure properties. You can make a real deal on these foreclosure properties. But, you need a foreclosure listing to find the deals.

You will see properties in foreclosure in the area you select. And, there are a lot of them.

Your free foreclosure listing will search over a million listings, so please be patient. To start, select the state you are interested in.

Search for Foreclosures in your State! Select a State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Ready for a Loan?

Once you are ready for a lone, be sure to check out our no cost, no obligation home loan service.

iHomeMortgages can provide loans for people with a history of less than perfect credit. They work with you to find the right loan for you. Their customer satisfaction record is worthy of your trust.

Credit Report Scores - How to See Them

Each of the three credit reporting agencies can provide you with a one-time copy of your credit report. Equifax, Experian, for example, will provide your report online for a fee of $9. Trans Union charges from $7.50 to $9 for your credit report.

All three credit reporting agencies will also provide a one-time copy of a "3-in-1" credit report. This contains your credit reports and your credit report scores from all three reporting agencies. Trans Union charges $34.95 while Equifax and Experian each charge $39.95.

Credit Report Scores - Improving Then

A good score helps you get the best loans. The loan officer will be glad to see you because you will:

• Qualify for a larger loan
• Get a loan faster
• Get the best interest rates.