There are several ways to check your credit score when refinancing a home loan:
- Request your credit report: You are entitled to a free credit report every 12 months from each of the three major credit bureaus (Equifax, Experian, and TransUnion). You can request your credit report online at AnnualCreditReport.com. Your credit report will not include your credit score, but it will show your credit history, including any outstanding debts, payments, and account balances.
- Check your credit card or loan statements: Many credit card companies and loan providers offer free access to your credit score as part of your account benefits. Check your account statements or online portal to see if your credit score is available.
- Use a credit monitoring service: There are several credit monitoring services available that provide regular updates on your credit score and credit history. Some of these services charge a monthly fee, while others offer free access to your credit score and report.
- Ask your lender: When you apply to refinance your home loan, your lender will typically check your credit score as part of the application process. They can provide you with your credit score and explain how it affects your loan options.
Knowing your credit score is important when refinancing your home loan, as it can impact your ability to qualify for a loan and the interest rate you receive. It’s a good idea to check your credit score before applying to refinance your home loan so you can address any issues or errors on your credit report and take steps to improve your score if necessary.