Video Title: Credit Score
Video Text: What does your credit score mean? Simply put it’s a number that represents your ability to pay off your debts, but there are a few things you should know to better understand your score. Credit scores range from 300-850 points. The higher the better. Average credit scores range from about 660 to 720, and typically a score about 680 will increase your chances at getting a loan, especially for a home. Your credit score can also affect your interest rate. The higher you score, the more likely you are to get a lower interest rate. One way to help maintain your ideal score is to keep your credit card balance at or below 35% of your available limit. Its also good to keep in mind that having your credit pulled for credit card or auto loan applications could lower your credit scores each time, so its important to avoid multiple credit pulls when considering buying a home. Your credit score is a big factor when it comes to a mortgage. So call today and set up your consultation for a mortgage!