 TITLE: Is It Better to Use a Mortgage Broker or Bank? CONTENT: How to Get Your Credit Ready for a Mortgage\n-------------------------------------------\nFor most people, a mortgage is the biggest and most consequential loan they'll ever get. It typically involves the largest sum of money and the longest loan term, so details matter—on both sides of the lending relationship.\nYour credit score and history play a major role in whether you'll be approved for a mortgage and what your interest rate and terms will be. Before you begin shopping for a loan, be sure to prepare your credit for the scrutiny of the loan process. If your credit is in need of a reboot, you may want to postpone your home search until you can take time to rebuild your credit.\nIn addition to checking your credit score and report, consider these steps to maintaining your best credit throughout the loan application process:\n*   **Pay every bill on time.** Payment history is the most important factor in your credit score. Even if you can only make minimum payments, don't be late. A single late payment stays on your credit report for seven years and will hurt your credit.\n*   **Minimize debt.** If you can pay down any outstanding debt, particularly credit card balances, this is a great time to do so.\n*   **Don't take out additional loans or add to your credit card balances.** Try to put off any large purchases until after your home loan is funded. END