The Mortgage Plug guide
Understanding credit
Know what your credit report says and how to prepare for a mortgage conversation.
Reviewed October 29, 2026 · Atiyah Jemison · NMLS #2162831
Reports and scores are different
Your credit report lists accounts, balances, payment history, and inquiries. Your score is derived from information in that report. Credit is one part of a mortgage review, alongside income, assets, the home, and loan terms.
Review your reports
Use AnnualCreditReport.com to review your reports. Check personal details, account status, balances, payments, and unfamiliar inquiries. If you find an error, follow the reporting company’s dispute process and keep supporting records.
- Pay obligations on time and understand your current balances.
- Allow time for disputes before a planned purchase.
- Discuss major new debt before financing another purchase.
Get personal guidance
There is no single credit score that guarantees approval for every borrower or loan. Programs, lender requirements, verified finances, and property eligibility differ. Bring your questions to a mortgage conversation before ruling yourself out.
Sources & next steps
Educational guidance only. Eligibility, documentation, loan terms, and property requirements vary by program and underwriting. Use a secure application or approved portal, never email or text, for sensitive financial documents.