Without a high credit score, you won’t qualify for the best mortgage rates available, which could mean you’ll end up paying more money over the term of your mortgage. Even with rates at historic lows right now, the difference between 3.5% and 3.75% can add up, especially if you’re applying for a 30-year fixed-rate mortgage.
Source: How Your Credit Score Affects Your Mortgage Rate – Metro
Very informative article. The clear explanation of how credit scores influence mortgage rates is helpful for anyone planning to buy a home. Accurate information like this is essential when making financial decisions related to real estate. Strong visuals also play an important role in property marketing, which we focus on at PhePhotos https://phephotos.com/. Thanks for sharing this useful insight.
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