When qualifying for a mortgage, most people do not know what their credit score is and how important a role it plays.
Here is a guideline:
Mortgage lenders rely heavily on your credit score to evaluate your qualifications for a home loan because your score indicates how you have handled credit in the past, which serves as a predictor of your future repayment pattern. According to Credit.com, excellent credit gets a score of 750 or above; good credit, 700-749; fair, 650-699; poor, 600-649; and bad credit is a score under 600.
Robin Taylor, Realtor
Century 21 Alliance
c21robintaylor@gmail.com
610-574-0015
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