If you have a prestine credit score, you may qualify for a perfectscoremortgage loan that would give you a very low interest rate. As a homeowner, finding a low rate home mortgage is our main goal but if you have a not-so-good credit, chances are, you will get a high interest rate on your loan. Hubby and I got so lucky to find a lower interest rate mortgage loan. We are not paying interest as much as we initially did with our first mortgage. We refinanced as soon as we find the very low rate.
If you want to learn more about mortgage, just visit the link and ask your question to find an answer. Maintaining a good credit score is very important especially if you are planning to buy a home. The lower your credit score is, the better.