When purchasing a home your credit score is a major component in the financing process.  A good credit score may aid you in receiving a lower interest rates and better terms.  Your credit score reflects how you pay bills and how much credit you have.  As your payment history comprises approx. 35% of your total score, it is important that you pay your bills on time and in full.  The next highest factor is the amount of debt you have.  It is important to meet with your lender prior to the home shopping process to make sure of what you can qualify for and to be “pre approved”.