| When you go to a lender to enquire about a possible | | | | couple of weeks to rectify and can boost your credit |
| loan or mortgage, the lender will inevitably take a few | | | | score. Also if you have a credit card, try to get it paid |
| factors into account upon your application. These can | | | | off before you apply for a mortgage. |
| affect the type of loan that you may be able to apply | | | | There is always an option to offer a nice down |
| for, the amount of time it tales to pay off your loan, | | | | payment at the start of your mortgage, especially if |
| and the amount of money that you will eventually pay | | | | your credit score is not first class. This may help to |
| back per month on your loan. | | | | sway the loan application in your favor. |
| If you are aware of the things that a lender will be | | | | If you want to reduce the length of your loan or the |
| looking at with regards to a loan application, it may | | | | amount you pay back each month, you could also pay |
| make your application a little easier. | | | | off a nice down payment even if your credit is first |
| There are a number of factors to look at, but the main | | | | class. |
| one above all else is the dreaded credit score. | | | | The one important thing to remember about your |
| Contact the three consumer reporting companies and | | | | application for a loan or mortgage is to be honest |
| ask for a copy of your credit score if you see any | | | | when talking to your lender. The lender is there to try |
| mistakes on any of these scores. | | | | and get you the best deal to suit your needs. There is |
| Sometimes there are mistakes on these scores, but | | | | no point in lying to them, and at the end of the day |
| you can get them corrected. This may just take a | | | | they are just trying to help you. |