Did you know that the new FICO Score 9 is different, or that when it fully rolls out, you credit score could jump up? If you’ve had trouble finding a pre-approval for a mortgage because of medical debt or collections you have already paid off, you’re in luck! Financial independence and home-ownership may be closer than you realize!
The FICO Score 9, which some banks are already using to find credit scores for home buyers, will make it so that medical debt has much less impact on your score. This is fabulous for the 43 million people with medical debt. When more banks start using it, more people will see their medical debt have a lower effect than credit card debt.
Plus, if you pay your rent on time and your landlord reports it, that will actually raise your credit! Before they were not used to calculate a credit score. Another huge bonus for people putting their financial lives back together? Once your debt that went to collections is paid off, it will be disregarded from your FICO credit score! This will help millions of Americans get back on the road to financial independence faster!
Hundreds of lenders already use the FICO Score 9, so it might help to shop around!
THINKING OF SELLING YOUR TAMPA BAY AREA HOME?
If you’re interested in selling a Tampa Bay area home, please contact us for more information about listing your home. Check out our helpful article describing the process and how to decide if it’s the right time to sell.
ARE YOU BUYING A HOME FOR SALE IN TAMPA BAY?
If you’re thinking about buying a home in Tampa Bay, do a quick online search or check out our:
- Tampa Bay homes for sale under $100,000
- Tampa Bay homes for sale between $100,000 and $200,000
- Tampa Bay homes for sale between $200,000 and $300,000
- Tampa Bay homes for sale between $300,000 and $400,000
- Tampa Bay homes for sale between $400,000 and $500,000
- Tampa Bay homes for sale between $500,000 and $600,000
- Tampa Bay homes for sale between $600,000 and $700,000
- Tampa Bay homes for sale between $700,000 and $800,000
- Tampa Bay homes for sale between $800,000 and $900,000
Our experienced agents know the area and would love to find you the perfect home in the Tampa Bay or any of the surrounding areas. When you’re ready, call us at 813-961-6000, or contact us online. We handle real estate in Hillsborough County (the Tampa – St. Petersburg – Clearwater metropolitan area), real estate in Pasco County (Port Richey, New Port Richey, Dade City, Zephyrhills and San Antonio), and real estate in Pinellas County (Tampa – St. Petersburg metropolitan area.) We’ll help you find the right home for your needs!