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 Buying Your First Home
 First-time Buyer Homework

 
Choosing a Neighborhood
The Buying Process

 

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 Our Featured Homes
 Dream Home Finder
 
Open House Visits
 Buying Foreclosures

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Contract Documentation
Discover the Inside Secrets
Benefits of Home Inspection
Home Warranty

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Settlement Process
Settlement Documents

Title Insurance
Taking Title to Real Estate

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 Preparing for Your Move
 Things to Remember

 Choosing a Mover
 Moving Checklist for Adults & Children

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  • Fun-filled Celebration
    co-sponsored by Team EMA

    exclusively for our First Base

    Homeowner (FBH) Club members

    within 6 months of settlement.

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Success Stories...

First Time Buyer Success Stories

 Client Photo Album

eNewsletter Sign Up

 

Understanding Credit Score...

About Your Free Credit Report and Free Credit Score

Your credit report is a snapshot of your credit at a particular moment in time. The reality is that information is constantly flowing in and out of your credit report. Credit applications, home and auto loans, payments, and even an address change or inquiry from a prospective creditor all show up on your credit report – and affect your credit score.

Your credit score, although not a part of your credit report, is calculated based on the information in your credit report. Credit scores allow lenders to quickly make on-the-spot credit decisions based on a 3-digit number that sums up your credit worthiness. There are many credit scoring models in use today; all are designed to rate your likelihood to repay your debts. When you order your credit report, you´ll also receive your current credit score as well as an analysis of the factors affecting your score.

Credit history is the main determining factor of credit nowadays, but there are potential problems that can work against consumers. Since some credit reports can contain inaccuracies serious enough to cause consumers to be denied credit, a loan or even a job, keeping abreast of changes to your credit file is vitally important.

Identity theft is also on the rise, now being the number one consumer complaint reported to the Federal Trade Commission. One of the first places identity theft shows up is often on your credit report. Monitoring your credit is one of the easiest and most effective ways of protecting your credit against errors and fraud.

The three national credit bureaus are Experian, Equifax and TransUnion.

If you have any further questions about your credit score, I can put you in touch with an expert. Contact me and let me know your needs.

Contact EMA Real Estate

 

 

  Phone: (301) 452-5252
   
Contact EMA Real Estate Team Online
           10230 New Hampshire Ave Ste. 100
           Silver Spring, MD 20903

RE/MAX Excellence

 

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