Mortgage Loans: Your Credit Score Counts

A poor credit rating is a problem when you need to qualify for mortgage loans. Your interest rates will be higher, you may be asked to pay more in fees, and you will be a target for predatory lenders. Rather than accept questionable mortgage loans with high interest rates and restrictive riders, wait a little while and improve your credit score. Then try the market again, and see how much your offers improve. Here are some tips for making your credit score more attractive to mortgage lenders