The lower your credit score is, the higher the rate that you will pay on your mortgage.
The difference between a 625 credit score and a 750 score could add a half a percent to the rate you will pay for your loan.
A 750 credit score could qualify you for a $200,000 30-year mortgage, at a rate of 3.625 percent.
What can I get with a 750 credit score?
Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 750 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.
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