How does your credit score impact your home loan? (video)

This video illustrates how mortgage lenders use your credit score to determine:

• Do you qualify for a home loan based on your Debt-to-Income ratio?
• The interest rate you qualify for (lowest interest rates are typically reserved for higher credit scores)
• The maximum amount you can borrow for your home loan

Other “Credit Score” related resources from GMFS Mortgage:

• Perfect credit score not needed to get your dream home
• Don’t let student loans keep you away from homeownership