How Does My Credit Affect My Mortgage?

If you have a high credit score it can give you access to better interest rates and more program options. It determines your ability and willingness to repay your loan on time. Having some credit issues won’t necessarily disqualify you from receiving a mortgage, but it may limit your options or require you to pay more in interest. This scenario can always be refinanced at a later date when the credit score improves and/or the rates are lower.