Are you planning to buy a home in 2025 or beyond? In this episode of Yes! You Can Buy a Home, mortgage and real estate expert Keith Goeringer reveals the three biggest credit score changes coming in 2025 that could make or break your homebuying journey. From the impact of "buy now, pay later" loans to the removal of medical debt from credit reports, Keith breaks down how these changes could affect your mortgage approval and buying power. Whether you're a first-time homebuyer or looking to upgrade, this episode is packed with expert tips to help you prepare now and turn these changes into opportunities. Don’t wait until it’s too late—tune in to learn how to protect your credit and get one step closer to owning your dream home!
In this episode of Yes! You Can Buy a Home, Keith Goeringer dives into the biggest credit score changes in over two decades and what they mean for homebuyers. Here’s what you’ll learn:
- Buy Now, Pay Later Loans on Credit Reports
- How these loans will now impact your credit score and debt-to-income ratio.
- Why timely payments could help—or hurt—your score.
- Tips to manage these loans responsibly.
- Medical Debt Disappearing from Credit Reports
- Starting in 2025, medical debt won’t appear on credit reports.
- How this could boost your score by 20+ points and increase mortgage approvals.
- Why the debt isn’t erased—just hidden from lenders.
- The Mortgage Credit Score Overhaul
- Fannie Mae and Freddie Mac are switching to a new credit scoring model (VantageScore 4.0 and FICO 10T).
- What this means for your mortgage approval chances.
- Why some borrowers could see higher scores—and others might face challenges.
Keith also shares actionable steps to prepare for these changes, including:
- How to check your credit score accurately.
- Why you should treat "buy now, pay later" loans like credit cards.
- How to stay informed and turn these changes into opportunities.
Subscribe to Yes! You Can Buy a Home for weekly expert advice on buying your dream home. Share this episode with anyone who needs to know about these credit changes—it could save their homebuying journey!
Schedule your free consultation- http://schedulewithkeithgo.com
Send me a message - keith@keithgo.com
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