How much will your credit score impact your mortgage rate?

Your credit score is a major factor when it comes to securing a mortgage. A good credit score can help you get a lower interest rate, which can save you thousands of dollars over the life of your loan. On the other hand, a low credit score can result in a much higher interest rate, making it difficult to get approved for a loan at all. It’s important to understand how much your credit score can impact your mortgage rate, so you can make sure to be in the best position when you apply for a loan.

Written by

Ivy Silverman, Apr, 6 2023