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You have a lot to think about when you’re shopping for a mortgage. Information on your credit report can impact how a potential lender may view your creditworthiness, and it can also influence the loan terms you’re offered.

How Credit Scores Affect Mortgage Rates

People with higher credit scores tend to get lower interest rates on mortgage loans. Alternatively, people with low credit scores may not be approved for loans or may need to pay higher interest rates.

How Your Spouse’s Credit Can Impact Your Mortgage Loan

Lenders usually look at each person’s individual credit report and score when making decisions about mortgage loans. Some lenders use the median when comparing a couple’s score, but it’s worth noting that lenders may decide to decline a loan offering if they deem one score too low. Others may approve the loan, but only at a higher interest rate.

Impact of Missed Payments and Mortgage Modification

March 28, 2012

Dear Experian, I'm considering entering into a six month reduced payment plan with my mortgage lender. I understand this will have a negative impact on my credit. Will this have...

Loan Modification and Credit Scores

February 15, 2012

Dear Experian, How will a loan modification affect my credit scores? I've never been late on my payments and have been approved for a modification without any late payments. - HBO

Mortgage Company Not Required to Report Payments

September 28, 2011

Dear Experian, I am a homeowner for five years now, and am wondering why my mortgage company does not have to report my mortgage to the three credit bureaus....