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Mortgage Myth Monday: “I need perfect credit to buy a house.”

Many people delay the homebuying process because they believe they need a perfect credit score before they can qualify. This is not true. There is no such thing as a perfect “borrower,” and buyers with a wide range of credit profiles are approved for home loans every day.

There are numerous loan programs designed to help people with different financial backgrounds, and most buyers discover they qualify much earlier than expected. If you’re waiting for perfect credit, you may actually be putting off homeownership for no reason. The best first step is simply to talk with a mortgage expert who can walk you through your options.

To learn more about how your credit impacts the process or to get started, contact local mortgage expert Derek Chaney at 417-986-8468.