Know Your Mortgage Credit Score - Check it For Free and Reduce Your Down Payment

Your mortgage credit score has become a critical part of the buying method. In order to get the best possible rates on your mortgage or refinance, it is necessary you know this information early on. By checking your score online for free, you'll now exactly where you stand on the credit score scale & what loan you can expect to get approved for.

With your mortgage credit score, you'll have a nice idea how much funds you can get approved for, what your interest rate will be, & how much your monthly bills will run you. That means you'll know exactly how much home you can afford to buy.

By checking your mortgage credit score online for free, you can see if you will have to come up with more funds at closing to pay for mortgage insurance. If your score is not where you hoped, there's a quantity of things you can do to quickly increase your rating before your lender ever has a chance to see it.

More importantly, you'll know if your score is nice to avoid paying points & premium mortgage insurance on your home loan. These fees are tacked on to your mortgage basically for having a score that is lower than preferred than your lender.

By accessing your mortgage rating, you'll be able to see the areas that need improvement & can quickly figure out how to raise that score in order to get the best possible rate. It takes 45 seconds to access your personal information, but it can provide incredible value for what may be the biggest purchase of your life.