Question by t_williams_1: My credit median credit score is 760. Shouldnt I be able to get the best rates available for a mortgage loan?
When I tell a mortgage company about my credit score, it doesn’t seem to help any in getting the best rates available. How much does your credit score “HELP” you? I know that it can hurt your chances of getting a good rate on a home loan.
Best answer:
Answer by sports_chic_67
The credit score is just one factor that mortgage companies look at in determining whether to loan you the money and on what terms. They will also take into consideration your employment and salary, your savings, your debt-to-income ratio, and how much you are planning on putting down on the house.
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