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YOUR CREDIT SCORE IS A NUMBER THAT REPRESENTS YOUR ABILITY TO PAY OFF YOUR DEBTS

  • Here are things about your credit score to keep in mind while you’re looking for a mortgage:
  • Credit scores range from 300 to 850 points. The higher your credit score, the better.
  • Average credit scores range between 660 and 720. A score above 680 will increase your chances of obtaining financing
  • Your credit score can also affect your interest rate. The higher your score, the more likely you are to get a lower interest rate.
  • Avoid multiple credit pulls. Having your credit pulled multiple times may result in a decreased credit score.

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