How Does My Credit Score Impact My Loan?
June 6, 2018 7:33 pm
How Does my credit score impact my loan?
Lenders use credit scores to determine:
-
Who qualifies for a loan
-
At what interest rate
-
What credit limits
typically, credit scores will range from 300-850.
fair to excellent credit scores will range from 300-850.
there are many benefits to having a fair to good credit score
-
You’ll pay less for your home overtime
-
Borrow money at a lower interest rate
However, you don’t need a high credit score to qualify for a home loan
Some LH Lending programs require a minimum score of 580 to qualify.
Talk to your local LH Lending Loan Officer today about your path to home ownership!
Just a phone call or click away! Visit LH Lending today
Tags: afford, budget, credit, equity, home, homebuyer, house, lhlending, loan, mortgage, refinance, tips
Categorised in: Uncategorized
This post was written by master
