Your Credit Score

Think you’re gonna get a mortgage based on your good looks and charming personality?

Unlikely.

After getting burned on so many bad mortgages, lenders are being tougher than ever that you’re gonna be good for the mortgage they give you or affect your refinancing. And they’re gonna start by checking your credit score. Think of your credit score as a, well, score of how trustworthy you are.

The report that the creditor gets details your credit history, so if you’ve been naughty about paying off those credit cards, your score will reflect it, and it could cost you more to get a mortgage (the greater the risk, the more the lender will charge).

RefinanceRates.com can help you understand your credit score, and help you find it so you see exactly what your friendly local neighborhood lender will see.