You've been looking for months for your first home, or you want to upgrade to a nicer home in a better community. It's a great time to buy a home, everybody tells you. Finally, you find the ideal home for sale, which has most of what you want (there is no such thing as the "perfect home.") Purchase Bob Bruss reports online. But when you sit down with the mortgage lender to go over your income and credit to see if you can obtain the home loan you need, the lender says your FICO (Fair Isaac Corp.) credit score is too low to get an affordable interest rate. A mortgage at 7.5 percent interest is the best he can arrange, but he's not sure you can qualify for the high payment. Will you give up, resigned to waiting a year or two before buying a home? Of course not. You know the house...
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