No one has ever said moving is fun or easy. Over the last few months I’ve discovered how financially, physically and emotionally tiring moving can be. In my next few columns, I hope to provide organizational and money-saving tips to make your next move a little easier. More fun, I cannot promise.
Inaccuracies on your credit report can cost you thousands to fix. They could even blow your chances to own your dream home. Carefully peruse your credit report before starting your home search.
In 2003, with the passing of the Fair and Accurate Credit Transactions Act of 2003, consumers can request and obtain free credit reports once every 12 months from each of the three nationwide consumer credit reporting companies. Be sure to use the correct website: AnnualCreditReport.com. Many websites purport to provide free credit reports but often are just after your personal and payment data for identity theft purposes.
Look over your report
Review your credit report for any inaccuracies. The mailing address for each credit agency is included on your report. Keep documentation of any letters you send out, and follow up if you have not heard back from the agency after 45 days.
Take your credit report to your financial institution, and get free advice. Avoid getting new credit to consolidate debt. Avoid obtaining credit cards or closing any out – both moves will lower your score.
If now is not the right time financially to buy, create a plan to get there. Once you’re ready, get prequalified. Shop for the right mortgage. Look at various mortgage programs, and get one that makes the most financial sense.
Read more from the Deal Diva on MomsCharlotte.com
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