Your Credit Score

Your lender cares about your income and employment status however they also really care about your credit score. Your credit score is based on how much debt you currently owe, how much available credit you have, and what kind of payment record you have maintained over the years. These factors provide an excellent indication of how risky it is to lend you money.

The higher the credit score, the less risk the lender considers you to be. The lower the credit score, the more likely you will pay slow, late and/or default entirely. The lender will decide (1) Whether to lend you money. (2) How much money to lend you. And (3) at what interest rate to charge you.

The most influential determinant of your mortgage rate will be your credit score so it is worthwhile to spend the time and money to check yours out.  You can find out your credit score by going to  The Web site illustrates the variation in loan pricing across the tiers of credit. As an example, the difference in the monthly payment for a $300,000 loan between the highest and lowest scores is nearly $300, which over 30 years adds up to more than $100,000. That’s money better invested in your retirement account than spent in servicing a home loan.

For complete mortgage loan program details and to find out if you qualify, contact us today at 888-488-3807 or go to

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