PeakView Mortgage, Inc. is happy to provide Mortgage PreFlight!
This service will provide you with the actual credit score your mortgage will be based on. This can be a big help to you and your realtor. First, it is excellent to know the score you are working with. Second, if your score is good, it will give you and your realtor confidence that you are headed in the right direction. If your score isn’t very good, then the report will tell us what you need to work on. We will set up a time to talk to you about how to improve your credit.
Please note – THIS IS A HARD PULL ON YOUR CREDIT. This is something that people often worry about. That concern is somewhat valid. Any of the loan officers at PeakView Mortgage, Inc. will be happy to discuss what a ‘hard pull’ means to your credit. For the most part, it isn’t something to worry about. Your credit has to be pulled in order to do a mortgage. “Hard pulls” on your credit only start to negatively affect your score when you have had too many hard pulls. Typically, 2 or 3 hard pulls will not affect your score.
Also, please note – This credit report will only be usable by PeakView Mortgage, Inc. You cannot use the credit report you get through Mortgage PreFlight with another lender. Our expectation is that if you are using this service, then you want to work with us. You are certainly welcome to use this service and not work with us, but we don’t suggest you get your credit score through us if you have no intention of working with us. Please don’t hesitate to call Matt, Craig or Jess prior to using this service if you would like further clarification.
Who should use this? Do you really need this? These are great questions. If you already know your credit is excellent and you know that getting approved for a loan will be no problem for you, then you don’t need this service. This service is geared toward first time home buyers or people who are uncertain about their credit profile. It gives you an immediate way to know if you meet the credit score requirements for different types of loans. We think you could use this if you are up late at night and want to start to figure out if you can buy a home. Or, perhaps you are sitting with your realtor late one evening, or on a Sunday, or at any time when we might not be available and you need to show the realtor that your credit score is good enough to merit the time they are spending with you. We just think it can be a good tool for you to help you buy a house!