How does credit score affect mortgage eligibility and interest rates?
- Submitted by 9 months ago
John milleer
Answered 9 months ago
A good credit score positively impacts mortgage eligibility by showing lenders that you're a reliable borrower. It increases your chances of approval and can help you qualify for lower interest rates, saving money over the life of the loan. A higher score reflects strong financial habits, which gives lenders confidence in your ability to manage repayments.
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