Myth #4 I can’t buy a home because my credit isn’t very good.
Fact: Typically, there are two typed of credit challenges- a poor credit history or no credit history. First, while it is valuable to have a good credit score, a poor one shouldn’t prevent you from talking to several lenders to explore your options. You might be pleasantly surprised at the outcome. You can expect that a good loan officer (or mortgage specialist) will be able to help you resolve your credit challenges, often by simply showing you how to move or consolidate your debts, or by referring you to a credit councilor who will put you on a plan. Even though this plan may take a few months to implement, it immediately gets you on the path to ownership.