Credit score is something that determines how well you pay your bills or if you have returned the money you loaned from some financial institution in a timely manner. It gives the bank or any financial institution an image of what kind of customer you might be. Your credit score are determined by major credit bureaus.

They calculate it depending on your payment history. In the US there are three major credit bureaus namely Experian, Equifax and TransUnion. They would check information like the amount you borrowed and if the amount was repaid on time and a few other factors.

Home loan which is often called as housing loan is basically a house owner borrowing money from a bank, credit union or loan brokers by pledging the house property as collateral. Home loan is very common in United States these days as it has huge benefits for the lender and to the borrower.  It helps the borrower by benefiting the loan with very low APR in other words low interest rate and large amount.

The lenders get benefited by providing loan with more security so that the borrower cannot disappear without retaining the property and making payments on timely basis and earn the interest. Though the interest rate is lesser than the other types of loans he is still benefited coz chances of scamming is very low. There are still scammers with plenty of other ideas of cheat, however make sure that before handing over the property details you double check its right people whom you are dealing with.