Hey, guys, here's a credit tip that you might not know. Car loans are one of the worst things that you can have. Reporting on your credit when you're applying for a new mortgage, they make a dramatic impact on how much you can qualify for.

Myth number three is that you have to have perfect credit before you start your mortgage pre-approval. That is absolutely not the case. If there are changes that need to be made to your credit, they don't have to happen right away.