It’s true that people with the best credit get the best interest rates when applying for mortgage loans. While you are entitled to a free credit report once a year using annualcreditreport.com, it is important to know that the information contained in the free report can be incomplete and inaccurate.
We recommend using a reputable credit reporting service to pull your most accurate credit file. Having the correct information up front will help you qualify for the loan you want that much quicker.
Click below to purchase your most accurate credit report. A single report costs $40.55. Pulling joint accounts costs $41.06.
NOTE: Your credit report will contain four sections that need careful review:Read More
Each bureau has an online dispute process for you to challenge any incorrect or old information. The bureaus are required to contact each creditor you dispute. If the creditor does not verify the information in 30 days, the information must be changed to what you say is correct. It may take some time and effort to repair your credit report, but it is definitely worth the effort when you get a lower interest rate on your loan.
You can also improve your credit report by working directly with the creditors. Some creditors will remove negative comments with even a partial payment of the debt. Have a specific goal in mind when you contact each one, and follow through on promises made.
The main credit reporting bureaus are Equifax, Experian and TransUnion.
Accurate Mortgage Group recommends waiting at least 30 days to order a new credit report. If the report has not changed, try again. It may take several months to get your score where you want it to be.