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The importance of your credit score depends on whether it is VERY HIGH or very
low and if you have special needs. If you have to go Stated Income or No Doc then you will need a specific score
to be considered. Higher scores can benefit your rate slightly but I have seen people with 540 credit scores get
approved for conforming (A credit) mortgages. On the other hand if your credit score is below 500 you are out of luck
with all but a handful of lenders and you would not prefer to deal with them. As long as you fall in the mid range
(say above 580 and below 680) and aren't looking for special low-documentation programs the quantity of quality credit lines
can be more important than the actual score. That's why you have to focus your attention on the credit that is
already good.
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