In fact, for the most part, there are four things that will dictate if you qualify for a mortgage and how much mortgage you qualify for: credit, income, assets and debt.
It’s pretty simple: the higher your credit score, the lower your mortgage rate. Lower mortgage rates translate to lower interest payments. So the higher your credit score, the less interest you’ll pay on your mortgage. In other words, a higher credit score will save you money.
That’s why we created our latest guide, Understanding and Managing Credit 101, as part of our Zing Education Series. We want to provide you with the information and tools you’ll need to keep great credit and qualify for the best possible mortgage rates.
You can view the guide or download and print out a PDF version of Understanding and Managing Credit 101.
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