Before first-time homebuyers pull the trigger on buying a new home, they should understand some common misconceptions in the credit reporting industry as they go through the prequalification and preapproval process. Here’s how agents can help.
Source: Inman News
5 credit myths to explain to first-time homebuyers
Published in Agent, Brokerage, Collection, credit history, credit repair, credit report, det, fist-time homebuyers, homebuyers, homebuying process, interest rates, preapproval, prequalification, Select, service and Vance Kellogg
More from AgentMore posts in Agent »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from BrokerageMore posts in Brokerage »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
- Listing leverage: How to win the game of securing sellers
More from CollectionMore posts in Collection »
More from credit historyMore posts in credit history »
More from credit repairMore posts in credit repair »
More from credit reportMore posts in credit report »
More from homebuyersMore posts in homebuyers »
- Delistings and discounts jump as holiday season approaches
- Zillow Flex class-action complaint now includes RICO allegations
- October brought the strongest buyer’s market in 12 years: Redfin
- Fall has been ‘sneaky good’ for buyers, but the ‘warm-up is not guaranteed to last’
- Homebuying off to strongest November start since 2022
More from homebuying processMore posts in homebuying process »
- Damian Eales on ‘imminent’ Realtor.com app for ChatGPT [EXCLUSIVE]
- Why commissions have risen since the 2024 NAR settlement
- What Zillow’s marketing genius can teach you about social media
- Is the ‘proptech winter’ ending? This is what investors are watching
- NAR weighs in on Zillow’s new ChatGPT integration
More from interest ratesMore posts in interest rates »
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Everything you need to know about social media in under 1,100 words
- ‘I’d love to fire his ass,’ Trump says of Fed Chair Jerome Powell
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
More from preapprovalMore posts in preapproval »
- Want more buyers? Choose a mortgage advisor, not a loan officer
- Tomo enters 5 new states, launches real-time preapproval process
- Opendoor expands rapid preapproval app to 3 new states
- Senso uses artificial intelligence to help lenders identify homebuyers
- How agents can nab new inventory as moratoriums expire
More from prequalificationMore posts in prequalification »
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from serviceMore posts in service »
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
- Listing leverage: How to win the game of securing sellers
- Can agents use AI to help with contracts and disclosures?
Be First to Comment