Apex Real Estate - Credit Reports and Scores
If you are planning a home purchase in in the near future, checking your credit report right now would be a wise step. Why? Well if your report contains negative information, erroneous or accurate, it may take a couple of months to clean it up. Go here to get your Free Annual Credit Report
This central site allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion. It is completely free; however each company will endeavor to sell you extra information or services.
Unless you’re planning to contact a mortgage broker in the nest few weeks anyway, I would suggest you decline any offer that costs money, except one. Purchase the Equifax Credit score. They will offer it you at a discount. Equifax is the main service used in Apex, NC and The East Coast in general. The credit scores from TransUnion and Experian are of questionable value.
The typical range for credit scores is between 375 and 900, with 375 indicating a poor credit risk, and 900 indicating a high likelihood that any credit extended will be repaid as agreed, although there is a lot of disagreement as to what the bottom and top numbers of that range truly are. The average credit score in the US is around 680, and scores of this number and above generally receive favorable mortgage interest rates.
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