Loading...

Home buying with swagger

June 11, 2015 by Carrie Janot

As the summer home buying season kicks into high gear, a newly released survey shows the importance of understanding credit scores and their impact on homebuyer behavior. The survey results show that consumers who know their credit score feel significantly more prepared to buy a home than those who do not know their credit score (70% versus 54%). Additionally, 45% of future homebuyers stated that they delayed purchasing a home in order to work on their credit and qualify for better interest rates.

Lenders can play a role in educating consumers about credit scores and help to increase homebuyer confidence by providing credit education services or offering credit scores with monthly statements.

>> Grow your mortgage portfolio

Related Posts

Experian's Residential Property Attributes helps mortgage lenders enhance their marketing and lead generation strategies.

January 17, 2024 by Scott Hamlin

Here's why you should implement automated income and employment verification to meet renters where they are. Read more!

October 11, 2023 by Manjit Sohal

Learn three ways to analyze your mortgage portfolio to gain a more complete view of borrowers and maximize performance. Read more!

June 6, 2023 by Jenna Ostmann