8 smart moves to score the best possible mortgage

Insure your credit reports are accurate

A good credit score can lead the way to lower mortgage rates and more choices for loans. Lenders offer the best rates to borrowers with credit scores higher than 760.

The Fair Isaac Corporation calculates your FICO credit score based on the information in your credit reports from the three major credit bureaus. Its website includes a table that shows how credit scores affect mortgage rates.

Credit reports often include wrong or outdated information about your credit or payment history, and those errors could lower your credit score.

That's why you should check the information kept by all three of the major credit-reporting bureaus before you apply for a loan.

To get a free credit report from Experian, TransUnion and Equifax, go to AnnualCreditReport.com.

Each report shows how to correct mistakes or submit an explanation for legitimate black marks that appear on the report.