You’ve finally decided that, yes, you can afford to buy a Santa Cruz home. After years of frugal saving, hard work and patient waiting, the timing is great. You don’t want to wait anymore, so you rush out and start looking for homes. It is, after all, a buyer’s market, and you’re a buyer.
Now, if you read about real estate, you’ve probably considered your credit. Is my credit strong enough? Is my score high enough? Some go to lenders and request preapproval. A few request prequalification. Many, however, go to the “free” credit score searches.
Of those who use the credit score searches, some find a Santa Cruz home they want to buy. They then confidently take their credit reports to the lenders and find out the lenders don’t care about the reports.