If you’re buying a DTLA condo for sale, it’s a good idea to check your credit before you start applying for mortgages. That’s because the higher your credit score is, the better interest rates you’ll qualify for – so it pays to see exactly where you stand.
But where do you start?
How to Check Your Credit Before You Buy a Condo in DTLA
Thanks to the Federal Trade Commission, everyone is entitled to one free copy of his or her credit report each year. (You can get yours here.)
When you look at your credit report, go line-by-line to make sure everything reported is accurate. If you find a discrepancy, file a complaint with the bureau reporting it. You may have to provide proof that you’ve paid a debt, if that’s what you’re disputing, so the credit bureau that has the error can remove it from your credit report.
You can also use a service like Credit Karma to monitor your credit score and see where you stand as far as paying down your debt, the types of credit lines you have open, and how much your score would improve if you paid off credit cards or other loans.
Are You Buying a Condo in LA?
If you’re thinking about buying a condo in Los Angeles or a nearby community, call us at 213-254-7626 or contact us online.
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