mortgage: How Your Credit Score Affects Your Home Loan
- 11/05/19 08:37 AM
By now, you’re probably aware that your credit standing can have a direct impact on your mortgage rate. Did you know that your overall credit history can also affect your home loan - raising or lowering how much you’re required to put down or the price of private mortgage insurance based on how strong your credit score is? While it’s not impossible to purchase a home with poor credit, it does make the process much more costly. There are other factors that your credit score can influence when it comes to the mortgage application process. For example, if a lender deems … (1 comments)
By now, you’re probably aware that your credit standing can have a direct impact on your mortgage rate. Did you know that your overall credit history can also affect your home loan - raising or lowering how much you’re required to put down or the price of private mortgage insurance based on how strong your credit score is? 
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