Your credit score has a large impact on the interest rate you qualify for. If you are applying for a mortgage and have not reviewed your credit records you are making a big mistake. Here is how your credit score affects your mortgage and what you need to do before applying for a loan.

Checking your credit reports for errors is the best thing you can do to ensure you receive a good interest rate on your mortgage. Mortgage lenders use your FICO score to determine what interest rate you qualify for; errors in your credit reports have a negative effect on your credit score and therefore your interest rate.

The first thing you need is a copy of each of your credit reports. Don