How does my credit history affect my mortgage?

Your credit history can be very important when determining what you qualify for in a mortgage. Your loan amount and interest rate are partially determined by your credit scores; the higher your score, the lower your interest rate. If you’re concerned and are looking for ways to boost your score, feel free to try the following:

• Pay down as much of your debt as possible.
• Pay your bills on-time.
• Refrain from opening too many accounts (loans, credit cards, etc.)
• Avoid going negative on your bank accounts.
• Try to steer clear of frivolous spending.
• Try not to close any revolving credit card accounts.