What Homebuyers Need To Know About Credit Scores If you & rsquo;re considering purchasing a house, you must understand your credit history & rsquo; s a vital piece of the puzzle when it pertains to receiving a mortgage. Lenders review your credit to evaluate your ability to make payments on time, to repay debts, and more. It’& rsquo; s likewise an aspect that helps identify your mortgage rate. A post from Bankrate discusses: