Check Your Credit Score
The higher your FICO score, which ranges from 300 to 850, the better interest rate you’ll qualify for. The difference between a 4.5% interest mortgage and a 5% interest mortgage can mean tens of thousands of dollars over the life of your loan. If you have a credit card, you can get a free copy of your credit report so you can see what the lenders see on your credit history. Most credit card companies now offer some sort of credit tracking program that is free to the cardholder. Pay off credit cards and resolve any credit disputes or delinquencies. In general, scores between 650-700 will get the average rate. A higher score it will get a great .25% reduction, but a score below that will cause a significant increase in your interest rates.