Credit scores can range from 350-900.

The number one factor in determining your credit score is your payment history. If you make payments 30 or more days late quite often you will have a much lower credit score. If you pay your bills on time then your credit score will demonstrate this and be much higher. Your payment history generally accounts for roughly 35-40 percent of your total score. Since your credit score is very important in many areas of your life, it is important to work hard at keeping your credit score high.

Your credit score is the number that creditors use to gauge your risk factor. The higher the number, the more likely you will be approved for your loan.

If you have a low credit scores be sure to check your credit report carefully it may contain errors that are bringing down your score. If this is the case ask your preferred mortgage professional about correcting the errors.