Wells Fargo (WFC) executive director of mortgage sustainability Rulon Washington joins Wealth host Brad Smith to discuss the importance of credit in the homebuying process.
"As consumers think about buying their first home, they must also think about the credit perspective," Washington states, emphasizing that improving your credit is "the best thing" individuals can do to prepare for homeownership.
First, he recommends tracking your credit score and staying informed about factors that influence it using the many free tools available.