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Bad Credit Disqualifies Potential Homebuyers

Yes home prices are low, there’s a ton of home inventory and interest rates have come down dramatically, but many US citizens can’t qualify for a mortgage because of their credit score, this according to a study. Nearly 30% of Americans searching for home loans are locked out of the traditional mortgage market because of their FICO scores that falls below 620. According to Experian, one of the three credit bureaus, 40-45 million Americans have bad credit. So even with such low prices, many Americans can’t qualify for those rates or a mortgage at all. If you have a good credit and qualify for a mortgage, you should definitely take advantage of this home buyer’s market. When you’re ready to move out you’ll have all the help you need, even packing if you’re willing to pay for the extra service. All My Sons of Raleigh will take care of every moving detail that comes up. We’ll assemble furniture, move heavy belongings such as sports equipment and anything in between. The Raleigh movers have a ton of experience in the moving industry and have moved small and large families from little apartments to huge estates. The Raleigh moving specialists are part of the All My Sons Moving and Storage company so you know you’re in good hands. All My Sons Moving has a ton of moving offices across the country from Salt Lake City and Atlanta to West Palm Beach and San Antonio to Birmingham and even outside of the country in Mexico. All My Sons Moving also has a charity initiative through which local All My Sons companies help organizations in need through moving services, some residential some commercial.