Understanding credit is difficult enough for most consumers.  And in today’s market where lenders require higher and higher “FICO” scores, a borrower who could get a loan last month may have a hard time of it today. 

You can help your borrowers understand, even improve, their credit score to get the home of their dreams.

We've included some consumer–friendly information on credit you can share with your borrowers. Be sure to add your contact information at the end, print it out and distribute to your home buyers. Using these customer–friendly tools lets your homebuyer know that you care about their business — and not just getting a loan.

Also, be sure to check out CreditXpert, a credit simulator that can offer advice on how to improve your borrower’s credit score.  You can read about them in this issue under “Credex Partners” or check out their simulator available in Credex. Simply open a borrower's credit report and choose Analyze Credit Report.