Knowing your credit score does play an important role. The higher your credit score the lower your interest rate will be. A common rule of thumb is a credit score over 700 will qualify for most mortgages. A credit score over 750 is considered excellent and should qualify for the lowest interest rate available.
There are many companies online that provide a service where you can access your credit report for FREE! Remember knowledge is power, become informed and take control. If you don’t know your credit score find out, it’s easy.
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Knowing your credit score does play an important role. The higher your credit score the lower your interest rate will be. A common rule of thumb is a credit score over 700 will qualify for most mortgages. A credit score over 750 is considered excellent and should qualify for the lowest interest rate available. 