At America's Choice Mortgage we recommend you get a loan before you shop for a home. But, in any case, with the increasing amounts of identity theft occurring, you should check your credit report at least once a year anyway. Here is where the scoring systems really get personal. The scores drive the credit grades which determine the rate of interest you will pay. Your Credit Rating A Quick Guide to Credit Grades.
Every lender develops their own matrix with corresponding rates and terms.
The trick is how to find which of the hundreds of mortgage companies and thousands of products that will best meet you needs. This the primary reasons mortgage brokers services are so valuable. A broker like America's Choice Mortgage will know which mortgage product you need and which companies offering that product has the best rates and terms. Copyright 2000 America's Choice Mortgage, Inc.