Bangalore: Are you to planning to buy a home? Do you have all the knowledge about it? Are you familiar with requirements regarding credit score? Are you aware of flexible loans? Here is the check list on what's important when buying a house. Fortify Your Credit Score You need to be aware of the first and foremost rule: higher your credit score lower is your down payment and monthly payment. Your credit score plays a critical role in the loan approval process. Your credit score gives loan providers a signal of your ability to pay back a loan, based on your Credit Information Report (CIR). However, it is important to note that every loan provider, uses the CIBIL TransUnion Score, which has its own benchmark to say it is a "good" score. For example, a score of 670 may be an adequate score for some loan providers, but reason enough to reject a loan application for some others. 80 percent of all new loans sanctioned are above 750. The higher the credit score the more favorable for you. You can make improvements by pulling your credit reports and make sure that your not being penalized for old or settled debts. Application for new credit cards should be avoided before applying for finances.