girl paying with credit cardIt’s no secret that credit is a very important part of qualifying for a mortgage.

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.

We think this covers all the bases to get you on the path to being a credit expert. If you think you’re on track and ready to get started, apply here. If you have any questions or think we missed something, let us know!

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This Post Has 4 Comments

  1. Your Zing website said to go to for my free credit score and that I would not need to give them my Social Security Number. I went to Quizzle and could not complete the questionnaire without giving my SSN. So how do I get my credit score without giving my SSN?

    1. Hi Catherine:

      You’re correct that you do need to put in a Social Security number to use Quizzle. I know of no credit report site that will let you get a credit report without inputting your SSN. That’s usually how they verify that you are you. These guides are in the process of being updated and I will make sure this gets corrected in the next version of the guide.

      Kevin Graham

  2. In recent years, I’ve started to pay monthly credit card bills and utility bills when received…rather than waiting to the end of the cycle period. With zero interest rates, it costs me nothing to “pay early.”

    Not sure if related, but the credit score printed on my Discover Credit Card statement each month has been steadily going up at the same time.

    Coincidence, or cause & effect? Anyone know?

    1. Hi Steve,

      In most cases, creditors like to see that you are making on time payments and also are using credit and paying it back. This shows you are responsible with credit.

      Without looking at the report from Discover, it would be impossible to know if that is truly the only thing that is causing the change on their report. There are so many factors that go into your credit score that one can offset another and cause a different type of change than if only one of them were factored in. It’s most important to pay it on time, but it can sometimes help with the utilization part of your score if you are using some of your available credit and that is being reported on your credit report.

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