Who Cares About Credit?

A credit score is one of the primary factors lenders use to determine your eligibility for a mortgage. Your credit score will be taken into account when the lender is determining your interest rate, the amount you can borrow, and the terms of the loan.

A good credit score can save you a lot of money over the life of your mortgage. If you have a high credit score, you will be offered a lower interest rate, which means that you will have to pay less interest over the life of the loan. This can add up to thousands of dollars over the life of the loan.

In order to get a good credit score, you should make sure to pay all of your bills on time, keep your credit card balances low, and avoid applying for too much credit at once. If you have a low credit score, you should take steps to improve it, such as paying off any outstanding debts and disputing any errors on your credit report.

Do you know what score is the best in real estate?

*Hint* it's lower than 850...