A 40-point difference in your credit score could cost you over $300 a month on your mortgage.
That's $108,000 over the life of a 30-year loan — and most buyers don't find out until it's too late to fix anything.
In this video I cover everything you need to know about credit scores and down payments before you apply for a home loan: - How mortgage lenders actually pull and use your credit score - The minimum scores required for FHA, Conventional, VA, and USDA loans - The 5 factors that make up your score and which ones to focus on first - The fastest moves to improve your score in 90 days or less - The down payment myth that's keeping renters from becoming homeowners - Every down payment option available right now (0%, 3%, 3.5%, 5%, 10%, 20%) - Down payment assistance programs and how to find them in your state - What NOT to do with your credit before or during the mortgage process
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00:00 This Could Be Costing You Money 00:42 How Do Lenders Use Your Credit Score? 02:15 Credit Karma vs. Mortgage Credit Scores 03:17 The Five Factors and How to Move Them 06:15 What NOT to Do Before or During the Mortgage Process 09:29 Down Payment Reality Check 12:36 Consider Seller Paid Closing Costs 13:08 When to Start the Process 14:53 Reach Out
📅 Book a time: https://candywilliamshomeloans.com/ca... 🌐 Website: http://www.candywilliamshomeloans.com When you work with me, you get a peaceful, honest process, clear guidance, steady updates, and real care, so you can move forward with confidence. All loans subject to approval. Equal Housing Lender.
