Your credit score can play a huge role in how easy it is to get approved for a home loan — and what interest rates you’ll be offered.
But what exactly is a credit score? And how can you improve it?
Here’s the quick rundown:
• Your credit score is a number that shows lenders how reliable you are at repaying debt
• It’s based on your credit history — like loan repayments, credit cards, and any missed payments
• With a higher credit score, you can avoid second or third-tier lenders and qualify for better rates from the most competitive lenders
If you’re unsure where you stand or want tips on boosting your score, we can help you understand your credit report and take the right steps.