How Do I Get Better Interest Rates on a Loan or Mortgage?

High Credit Scores Mean Low Mortgage Interest Rates

Mortgage lenders use your credit score to determine the interest rate they offer you.

The interest rate you get on your mortgage is directly tied to your credit score. To get a better mortgage interest rate, do what you can to improve your credit score:

• Be sure your credit report is accurate and fix any mistakes you find. See "How Do I Correct My Credit
  Report Inaccuracies?"
• Make all payments promptly to keep new negative items from appearing on your account.
• Pay down your existing credit balances.
• Maintain your existing long-term accounts in good standing and refrain from adding new accounts.