How to get the lowest interest rates possible

The key to getting the lowest possible interest rates on your home mortage or refiancing in based on your FICO score.    A FICO score is a number rating assigned to you based on your credit habits and credit history.  Everyone who has ever used credit has a FICO score.  In the last few years this score has become one of the most important criteria for evaluating your credit and most all lenders use this.  The higher your score the better interest rates you will get on your mortgage and loans.   

FICO scores are on a scale from 300 to 850.  To be eligible for the lowest interst rates you need to have a FICO score that is in the 720-850 range.  If you are below 620, the lender believe you are in financial trouble and you may have to pay an unreasonable high interest rate.