{"id":277,"date":"2023-08-29T09:07:37","date_gmt":"2023-08-29T09:07:37","guid":{"rendered":"https:\/\/waelelzarkarealty.com\/?page_id=277"},"modified":"2023-08-29T09:19:25","modified_gmt":"2023-08-29T09:19:25","slug":"credit-score-affects-you","status":"publish","type":"page","link":"https:\/\/waelelzarkarealty.com\/index.php\/buyers\/credit-score-affects-you\/","title":{"rendered":"Credit Score Affects You"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"277\" class=\"elementor elementor-277\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-91a84bd e-flex e-con-boxed e-con e-parent\" data-id=\"91a84bd\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-65f67e2 e-flex e-con-boxed e-con e-parent\" data-id=\"65f67e2\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a8e274b elementor-widget elementor-widget-heading\" data-id=\"a8e274b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 18-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Credit Score Affects You<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f6feb75 e-flex e-con-boxed e-con e-parent\" data-id=\"f6feb75\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-933ad3d elementor-widget elementor-widget-heading\" data-id=\"933ad3d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How Your Credit Score Affects How Much House You'll Be Able To Buy<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-348b2ca elementor-widget elementor-widget-text-editor\" data-id=\"348b2ca\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 18-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Your credit score is now the most important factor in determining how much house you can buy, so if you are in the market for a new home, you need to understand how it affects you.<\/p><p>In order to make it easy for mortgage companies to determine the risk of lending to you, they are using a system called credit scoring (also called &#8220;FICO&#8221; scores).<\/p><p>When lenders look at your credit report, they can instantly see how much debt you have, how reliable you are with bill payments, and if you&#8217;ve had any bankruptcies within the last several years.<\/p><p>With your credit report, lenders get a &#8220;credit score&#8221; which takes all of this information and boils it down to a number between 300 and 900. The higher the number, the less of a credit risk you are seen to be, and this is how lenders decide which types of loans you will be eligible for.<\/p><p>As with all new things, there is controversy over credit scores.<\/p><p>To be eligible for some types of loans, you require a minimum credit score without any exceptions. And credit scores fluctuate over time. In fact, the mere act of applying for credit can lower your credit score.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdc5b8d elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"cdc5b8d\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 18-04-2024 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 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.elementor-divider__element{margin-inline-start:0}.elementor-widget-divider--element-align-end .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-end .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-end .elementor-divider__element{margin-inline-end:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d8dd237 e-flex e-con-boxed e-con e-parent\" data-id=\"d8dd237\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c2dde5b elementor-widget elementor-widget-heading\" data-id=\"c2dde5b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How To Make Sure You Have The Highest Credit Score Possible<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a74ec6 elementor-widget elementor-widget-text-editor\" data-id=\"2a74ec6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To maximize your credit score, you should avoid applying for any new credit cards or consumer loans.<\/p><p>Don&#8217;t go to the discount store and take them up on the &#8220;No interest, no payments for one year&#8221; offer &#8212; and avoid financing a car!<\/p><p>After you buy your home and get your mortgage you can do all of these things, but before then it&#8217;s a bad idea. Buying things on credit hurts your credit score, and leaves less money for your downpayment.<\/p><p>Lenders also look at this figure to decide how much money they will lend you, and how much interest they will charge you on the loan.<\/p><p>That&#8217;s why it&#8217;s best to wait until after you&#8217;ve bought your home to go shopping for furniture and appliances. There is also another reason to wait.<\/p><p>Once you&#8217;ve bought your home, you can get a loan for up to 100% of your home&#8217;s value to buy anything you want.<\/p><p>If you learn to play by the rules of the lenders&#8217; game, you can get the best credit score possible, which improves the odds that you can get the home of your dreams.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Credit Score Affects You How Your Credit Score Affects How Much House You&#8217;ll Be Able To Buy Your credit score is now the most important factor in determining how much house you can buy, so if you are in the market for a new home, you need to understand how it affects you. In order [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":285,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/pages\/277"}],"collection":[{"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/comments?post=277"}],"version-history":[{"count":7,"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/pages\/277\/revisions"}],"predecessor-version":[{"id":294,"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/pages\/277\/revisions\/294"}],"up":[{"embeddable":true,"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/pages\/285"}],"wp:attachment":[{"href":"https:\/\/waelelzarkarealty.com\/index.php\/wp-json\/wp\/v2\/media?parent=277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}