The Importance of Credit Scores in Mortgages

Your credit score plays a significant role in the mortgage approval process. Lenders use it to assess your creditworthiness and determine the interest rate you may qualify for.

Improving Your Credit Score

To improve your credit score, pay down existing debts, make payments on time, and avoid opening new credit accounts before applying for a mortgage.

Checking Your Credit Report

Regularly checking your credit report can help you identify any errors that may negatively impact your score.

A good credit score can save you money on your mortgage.