There are three major credit reporting agencies.

Lender Evaluates Mortgage Loan Application:

There’s a common misconception out there that buying a home with cash is always a faster and easier option than financing. If you have the funds to buy a home in cash (congrats on that saving, by the way), financing might actually be a better option. Financing your purchase with a qualified lender offers homebuyers a host of unique advantages that cash buyers just can’t enjoy. If you’re weighing your cash vs. financing options, consider the following:

While making the big move might seem like a massive undertaking, it doesn't have to be. All you need to succeed is a little planning.