 TITLE: Where Should You Save Your Down Payment Money? CONTENT: Get Your Credit Ready for a Mortgage\n------------------------------------\nHaving good credit is almost as good as money in the bank when you're shopping for a mortgage. Lending requirements are often strict, and the best interest rates and features generally go to consumers with the highest credit scores. If you're aiming for a lower down payment, your good credit is also a signal to lenders that you're a lower-risk borrower.\nHow do you get your credit ready for a mortgage? Start by checking your credit. Knowing your credit scores and understanding what's in your credit report can help you to know what types of loans you qualify for. It also gives you an opportunity to take action to improve your credit if necessary. Better still, free credit monitoring from Experian helps you keep track of your credit score and report continuously. You can also set alerts that let you know when your credit score or report have been updated.\nTo keep your credit in optimal shape, keep these good credit habits in mind:\n*   Pay all your bills on time.\n*   Pay down debt as much as possible.\n*   Don't apply for loans or credit for at least several months leading up to your mortgage application. END