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hether you’re currently married or a single mother, there’s one metric that can have a big impact on your household’s financial health, especially if you think a home purchase might be in your future. That’s your credit score. A bad credit score doesn’t necessarily doom your aspirations to be a homeowner. It’s more of a snapshot of your risk at a particular point in time, which can change. And even if you’ve had credit problems, options such as a FHA loan are available. But starting the homebuying process with a good credit score can save you headaches, as well as thousands of dollars in higher interest rates, fees from FannieMae and Freddie Mac, and private mortgage insurance. About 90 percent of lenders and creditors in the United States use the FICO score, which has a range of 300 to 850. The higher the score, the better it is for the consumer. For a good credit score, keep your credit card balances as low as possible. And be sure to pay all bills on time. Even a day over the limit can hurt you You can order a copy of your credit report and score from each of the three major credit reporting agencies — Equifax, Experian and TransUnion — by phone, online or mail. By law, each of the credit reporting agencies must provide you with a free copy of your credit report once every 12 months, if you request it. For more information, go to or call 1-877-322-8228.




• FAST, FREE pre-qualifications & advice • Several REDUCED PMI options available • Purchase loans down to 580 credit score • 1ST time home buyer & $0 down payment programs • MORE LIBERAL underwriting than your typical bank

22 | May 2018

• Lower Your Interest Rate • Lower Monthly Payments • Eliminate PMI or Cash out • Renovation Loans Available


Call today for a complimentary evaluation! 609.670.1794

We also offer Refinancing Options:

NMLS# 1646125 Cell: 856-494-6269 Phone: 856-291-3120

R E A L P E O P L E, R E A L S TO R I E S , R E A L S O LU T I O N S

AnnieMac Home Mortgage is located at 700 East Gate Drive, Suite 400, Mount Laurel NJ, 08054. American Neighborhood Mortgage Acceptance Company is licensed by the New Jersey Department of Banking and Insurance (#NO00004875), Licensed by the Pennsylvania Department of Banking as a Mortgage Lender (#33587).

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May issue final 2018  
May issue final 2018