CREDIT - One of the most important things in getting a mortgage loan

Your credit score is a number based on the information in your credit file that shows how likely you are to pay a loan back on time - the higher your score, the less risk you represent. The credit score that lenders use is called a FICO® score. Your FICO score helps a lender determine whether you qualify for a loan and what interest rate you'll pay.

Your credit report shows the information you have on file at one or all of the three major credit reporting agencies - Equifax, Experian and TransUnion. Each of these reporting agencies (also known as credit bureaus) maintain their information separately, so the data you have on file may differ between them.

You should check your credit for errors on a regular basis and work on correcting them. It is very common that most consumers don't understand their credit and how it works. Here are some more detailed information that might help you understand how credit will help determine what mortgage loans you will qualify for.

_{Click here to learn about - What is a Credit Score}

_{Click here to learn about -Your Fico Score}

_{Click here to learn about - Improving Your Credit Score}

Also you can view more information about credit and information about disputing errors in your credit from the credit bureaus or at www.myfico.com.