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How does my credit score affect my mortgage interest rate?
Posted : 28/04/2024 4:37 pm
Your credit score significantly impacts the interest rate you’ll receive on your mortgage. The credit score is a numerical measure of your creditworthiness, based on factors like payment history, total debt, types of credit used, and length of credit history. Higher scores generally lead to lower mortgage rates, as lenders perceive you as a lower-risk borrower.
Posted : 30/04/2024 5:44 pm