If you are a first time Homebuyer in NC, you probably have questions… We try to take time and answer the individual questions you have about your unique situation, but here are some questions we hear over and over about buying your first home in NC.
- What if I don’t have a ton of credit, I only have student loans:
Credit Models currently give the best score to those who use revolving credit MODESTLY. We recommend that you get added to someone’s credit card as an authorized user, or you establish 2 or 3 secured credit cards. If you are added to an account, remember that the card needs to have been opened AFTER you turned 18, and the balance on the card needs to be 1/3 of the available balance. It takes 3 months (typically) for these types of cards to impact your score. [Read more...]