Shaya Seidenfeld Explains the Role of Credit Scores in Home Buying
Buying a home is one of the biggest decisions you’ll ever make. And while most people focus on saving for a down payment or finding the right neighborhood, there’s another piece that can make or break the deal: your credit score. With over 20 years in the real estate world, Shaya Seidenfeld knows firsthand how much weight lenders place on that three-digit number—and how it can impact your ability to buy the home you really want. What Lenders See When They Look at Your Credit Score Before a bank hands over hundreds of thousands of dollars, they want to feel confident you’ll pay them back. That’s where your credit score comes in. According to Shaya Seidenfeld, your score reflects your history with borrowing. It shows lenders: How responsible you’ve been with credit cards and loans If you pay your bills on time How much debt you carry compared to your credit limits The better your credit score, the more trust you earn—and the more doors open for you in the housing market. Credit Score Ra...