If you are considering purchasing a home, you will want to have a good credit score. The better your credit score, the better chance you have of qualifying for a mortgage and it may help you get a better interest rate. Credit scores can range from not having one at all up to 850. Below is a rundown of what figures into your credit score. By making sure you are doing what credit reports check, you can increase your credit score.
What is a good credit score? In general 680-720 is good, over 720 is excellent. Anything much under 600 may keep you from qualifying for a mortgage. If you have a very low score you may want to speak with a banking professional for assistance in repairing your credit.
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