What is just as valuable as gold? Your credit score! Mortgage lenders use your credit score to determine if you’re a good risk for loaning money. It’s also used to determine what interest rate to charge.
Another way of looking at it is that your credit score reflects the confidence lenders have in loaning money to you.
Of course, every person who applies for a mortgage loan should have a good credit score to receive the best interest rate and terms.
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