U.S. News


When You Buy A Home, How Important Is Your Credit Score?

Your credit score is one of the few things that tells banks, yes, they can trust you with their money.
Posted at 2:44 PM, Feb 23, 2016

If you're planning to buy a home, you can bet that banks will want to see your credit score.

Credit score and that down payment are two significant pieces of information banks use to determine if they can trust you with a loan, says financial adviser Michael Guillemette.

We spoke to Guillemette about just how important a good credit score is for homebuyers and how you can increase that score.

This video includes clips from Open House 24 and images from Getty Images and Ruth Hartnup / CC BY 2.0.