What Does Your Credit Score Mean?
Your credit score is a number that represents your ability to pay off your debt
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.