Fear #4: I can’t buy a home because my credit isn’t very good.
Fact: A less-than-perfect credit score won’t necessarily prevent you from buying a home.
Typically, there are two types of credit challenges – a poor credit history or no history. First, while it’s valuable to have a good credit store, a poor one shouldn’t prevent you from talking to several lenders to explore your options. You might be pleasantly surprised at the outcome. You can expect that a good loan officer (or mortgage specialist) will be able to help you resolve your credit challenges, often by simply showing you how to consolidate your debts, or by referring you to a credit counselor who will put you on a plan.