Renters, Your Payment History Might Finally Matter
About this episode
This episode discusses how positive rent payment history may impact renters' ability to buy a home due to changes in credit scoring and underwriting tools.
Tip Tuesday, 4-7 Min Real Estate Tips Renters have been making housing payments every month, but for a long time, those payments did not always help them the way other credit accounts could. That is changing. In this Real Estate Tip Tuesday, we talk about how newer credit scoring and underwriting tools may use positive rent payment history when it is properly reported or available, and why that could matter for renters who want to buy a home in the future. If you are renting now but homeownership is the goal, this is one of those updates you should know about before you start the process. Connect with Team EvoAZ: Text ConnectWithKatie to 480-508-9828 Connect with Ryan:Text ConnectWithRyan to 480-508-9828 Want to browse Phoenix area homes? Text GetPhoenixDeals to 480-508-9828 to see our current "good deals" page. Disclaimer: The information provided in this video is for educational purposes only and not financial or legal advice. Always consult a licensed lender, real estate agent, or wealth manager for guidance specific to your situation.
People in this episode
Host: Team EvoAZ
Topics covered
- rent payment history
- credit scoring
- homeownership
- real estate tips
- underwriting tools
Keywords
- renters
- credit history
- home buying
- real estate
- housing payments
More episodes of Arizona Real Estate Radio
- Fixed Rate Mortgage? Then Why Did the Payment Go Up?
- Before You Refinance, Ask About This Option
- Is The Phoenix Housing Market Sending Mixed Signals? 👀
- Phoenix Housing Market Crash? The 2008 Comparison Explained
- Buyer Red Flags That Can Quietly Kill a Home Sale
Explore listener stats, chart rankings, contacts and more on the Arizona Real Estate Radio podcast page.