Your credit score is important when looking to lease, rent out or purchase a home. According to CreditKarma.com, the threshold to be approved for a mortgage is a 660 credit score. The 660 score is also the threshold to be approved for unsecured credit, according to CreditKarma.com. I think this is also a good number to use when you are a landlord looking to approve a tenant or a tenant seeking to lease a home.
According to CreditKarma.com, about 40% of consumers have a credit below 660. This means that 4 out of 10 Americans would likely be denied for a mortgage. Obviously this hurts demand and weakens the overall housing market.
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Please text or call to give me your name, telephone number and e-mail address for the ability to access home searches.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Showing posts with label Credit. Show all posts
Showing posts with label Credit. Show all posts
Thursday, September 1, 2011
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