Springtime means tax season and usually an upsurge in home buying as well. With that in mind, here's some timely information about easily overlooked tax breaks, along with tips on common mistakes to avoid before applying for a home loan.
www.AnnualCreditReport.com is the place to get your free credit report once a year. Other websites look similar but offer free reports only if you sign up for ongoing monthly paid services such as credit monitoring.
www.myFICO.com is the place to get your real FICO credit score (the score most used by lenders). There is a charge to obtain the score.
Did you know? Other websites, including Experian, TransUnion, and Equifax, will offer to sell you a credit score but what you actually receive is an "educational" score, which is often much different from your true FICO score.
Note: FICO scores range from 300 to 850. In general, above 700 is considered good and above 740 can enable borrowers to obtain some of the most optimal interest rates.