Mistake #1: Not Checking Your Credit Score Your credit score is a critical factor in determining both your eligibility and the interest rates you will receive on a home loan. Unfortunately, many first-time homebuyers tend to overlook the significance of checking and improving their credit scores before applying. A strong credit score can pave the way to securing a favorable loan offer with lower interest rates, while a weaker score could either limit your options or significantly increase your borrowing costs. Understanding why credit scores matter starts with knowing how they are calculated. Credit bureaus compile your score based on… Continue Reading