5 Credit Score Myths That Are Stopping You from Buying Your Dream House in Sandy Springs, GA

Your credit score is one of the biggest hurdles that you come across when trying to get a loan. We all know that a good credit score helps us to lock down better monthly payment terms and a low interest rate. The faster you pay your debts and bills, the easier it will be to maintain your credit score. In order to buy a house for sale in Sandy Springs, GA, you need to have a credit score of 740.

As long as your credit line’s balance is below 20%, you are good to go. However, the road to buying a house is not that easy. There are certain sacrifices you need to make regarding your lifestyle to save more. Still, if you are worried about your credit score shooting down your dream, then keep reading.

Following are 5 myths about credit score that is keeping you from buying a house:

1. More Money = Higher Credit Score

False.

More money in your bank account does not impact your credit score. Still, it is a strong motivator for the lender to approve your mortgage application. It gives the lender a peace of mind that you have the means to pay back the loan with the interest rate in time.

2. Owning Several Credit Cards Will Hurt Your Score

Mostly False.

Owning more than two credit cards will only hurt your credit score if your overall spending goes above 20% of the credit line. In some cases, this can be somewhat helpful as you can balance your debt with the available credit. Since house for sale in Sandy Springs, GA are a bit pricier than the real estate market in the other cities, you need to make sure that your daily spending is in control.

3. Closing and Opening Credit Lines Will Have a Huge Impact on Your Score

True.

Opening new credit lines because you can’t pay the old ones and closing old ones because they have incurred too much debt is a sure way to let your credit score go down the drain. Again, this affects your debt with the available credit and makes the lender hesitate in giving you a loan.

4. Combing Credit Lines Will Increase Your Score

Mostly False.

Moving all your debts to a single credit line can have both negative and positive impact on your credit score. There’s a possibility that the debt will get out of hand and you won’t be able to pay it on time. On the other hand, if the interest rate on the credit line is lower than others, then you can pay the outstanding credit faster.

5. Liens and Judgments Don’t Lower Your Score

False.

If someone has filed a lien against you, your credit score will fall drastically. Payments such as these make up 35% of your credit score.

You can easily get your credit report for $3 from your bank. As long as your credit score is on the up and up, the lenders will be eager to give you better interest rates with a lower down payment. This is because they believe you will be able to make the monthly payments on time.

Planning to buy a house? Visit America’s Network Reality Group Inc. and enter your specifications to find your dream house in the neighborhood of your liking.

Homes for sale in Atlanta

Price
Beds
Baths
For Sale / All Types
$294,990
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,635
SQFT
7107 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$279,990
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,802
SQFT
673 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
$324,990
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,363
SQFT
7064 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$279,990
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,635
SQFT
7067 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
Price Change - a week ago
$279,990
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,635
SQFT
7027 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 3 weeks online
$348,100
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,040
SQFT
646 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
$324,990
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,363
SQFT
6954 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 3 weeks online
$304,990
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,040
SQFT
6937 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 3 weeks online
$284,990
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,635
SQFT
6904 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$2,900,000
Single Family Home For Sale
Active
7
BED
9
TOTAL BATHS
15,159
SQFT
4690 Thompson Road
Atlanta, GA 30349
 
Price Change - 4 weeks ago
$6,950,000
Single Family Home For Sale
Active
9
BED
14
TOTAL BATHS
26,000
SQFT
4965 Butner Road
Atlanta, GA 30349
 
$310,235
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,443
SQFT
555 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
$282,112
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,545
SQFT
7147 Glaspie Way
Atlanta, GA 30349
Kingsland Subdivision
$273,053
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,260
SQFT
3225 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$292,182
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,545
SQFT
3217 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$274,803
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,260
SQFT
3204 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$284,173
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,260
SQFT
7139 Glaspie Way
Atlanta, GA 30349
Kingsland Subdivision
$290,419
Single Family Home For Sale
Active
6
BED
4
TOTAL BATHS
2,680
SQFT
7135 Glaspie Way
Atlanta, GA 30349
Kingsland Subdivision
$312,089
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,680
SQFT
3221 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$279,353
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,260
SQFT
3216 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$307,071
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,545
SQFT
3208 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
New Listing - 4 weeks online
$282,508
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,487
SQFT
3200 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
New Listing - 3 weeks online
$270,789
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,122
SQFT
7143 Glaspie Way
Atlanta, GA 30349
Kingsland Subdivision
$245,700
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
2,404
SQFT
3492 Dacite Court
Atlanta, GA 30349
Flat Shoals Manor Subdivision
Short Sale
$129,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,366
SQFT
6425 Tahoe Drive
Atlanta, GA 30349
Ponderosa Subdivision
$165,990
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,800
SQFT
6857 Estepona Street
Atlanta, GA 30349
Heritage Park Subdivision
$167,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
2205 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$235,512
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,950
SQFT
5081 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$234,920
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,950
SQFT
5075 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$324,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,759
SQFT
4288 Bellwood Circle
Atlanta, GA 30349
Stonewall Manor Subdivision
$450,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,200
SQFT
5618 Livesage Drive
Atlanta, GA 30349
Union Crossing Subdivision
$450,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,200
SQFT
5622 Livesage Drive
Atlanta, GA 30349
Union Crossing Subdivision
$475,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,200
SQFT
5667 Eternal Drive
Atlanta, GA 30349
UNION CROSSING Subdivision
$327,701
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,760
SQFT
513 Wolf Pack Lane
Atlanta, GA 30349
Wolf Creek Chase Subdivision
Price Change - 3 weeks ago
$339,990
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
3,331
SQFT
2856 Bluestone Drive SW
Atlanta, GA 30331
Summit At Stonewall Tell Subdivision
$362,001
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
3,433
SQFT
3394 Wolf Cub Circle
Atlanta, GA 30349
Wolf Creek Chase Subdivision
$319,245
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,802
SQFT
3378 Wolf Cub Circle
Atlanta, GA 30349
Wolf Creek Chase Subdivision
$322,869
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,890
SQFT
3370 Wolf Cub Circle
Atlanta, GA 30349
Wolf Creek Chase Subdivision
$360,910
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,802
SQFT
3373 Wolf Cub Circle
Atlanta, GA 30349
Wolf Creek Chase Subdivision
$358,981
Single Family Home For Sale
Pending
5
BED
2
TOTAL BATHS
3,433
SQFT
3346 Wolf Cub Circle
Atlanta, GA 30349
Wolf Creek Chase Subdivision
$329,650
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,802
SQFT
3330 Wolf Cub Circle
Atlanta, GA 30349
Wolf Creek Chase Subdivision
$319,745
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,802
SQFT
3314 Wolf Cub Circle
Atlanta, GA 30349
Wolf Creek Chase Subdivision
$314,955
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
2,711
SQFT
3313 Wolf Cub Circle
Atlanta, GA 30349
Wolf Creek Chase Subdivision
$357,900
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2309 Red Hibiscus Court
Atlanta, GA 30331
Cambridge Meadows Subdivision
New Listing - 5 days online
$269,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2301 Red Hibiscus Court
Atlanta, GA 30331
Cambridge Meadows Subdivision
$169,375
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,920
SQFT
5629 Grande Rivers Road
Atlanta, GA 30349
River Station Subdivision
New Listing - a week online
$520,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
3,896
SQFT
Cherry Orchard Place #H
996 Pitts Road
Atlanta, GA 30350
New Listing - 2 weeks online
$180,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,946
SQFT
1625 Tigris Court
Atlanta, GA 30349
Rivers Station Subdivision
Short Sale
$95,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
967
SQFT
5296 Brittany Trail
Atlanta, GA 30349
Yorketown Place Subdivision
$370,190
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
3,941
SQFT
3699 Wartrace Drive
Atlanta, GA 30331
Bedford Estates Subdivision
$321,990
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,890
SQFT
3636 Wartrace Drive
Atlanta, GA 30331
Overlook At Camp Creek Subdivision
$1,275,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
4,200
SQFT
1745 Tamworth Court
Atlanta, GA 30338
Dunwoody Club Forest Subdivision
$303,990
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,340
SQFT
3616 Wartrace Drive
Atlanta, GA 30331
Overlook At Camp Creek Subdivision
$410,045
Single Family Home For Sale
Pending
6
BED
4
TOTAL BATHS
3,776
SQFT
3530 Wartrace Drive
Atlanta, GA 30331
Bedford Estates Subdivision
$254,324
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,022
SQFT
3963 Lake Manor Way
Atlanta, GA 30349
Lakeside Preserve Subdivision
Price Change - 3 weeks ago
$300,990
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,511
SQFT
4363 Minkslide Drive
Atlanta, GA 30331
Overlook At Camp Creek Subdivision
Short Sale
$170,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,750
SQFT
2010 Wallace Road SW
Atlanta, GA 30331
Wallace Woods Subdivision
Short Sale
$410,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
4,414
SQFT
3613 Lake Estates Way
Atlanta, GA 30349
Lakeside Preserve Subdivision
$826,002
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
3,225
SQFT
4535 Atley Woods Drive SE
Atlanta, GA 30339
Woodland Preserve Subdivision
$698,341
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,682
SQFT
4527 Atley Woods Drive SE
Atlanta, GA 30339
Woodland Preserve Subdivision