Finance 101, The Blog: High Credit Score = Low Mortgage Rate
Credit scoring was developed in the 1960s as a means to determine whether or not consumers were likely to repay their loans. The score ranges from 350 to 850 with a higher score being extremely favorable. Essentially, a high credit score translates into lower interest rates for the borrower...
Tagged with: 1960s • Blog • Consumers • Credit Score • Credit Scoring • Finance • Interest Rates • Loans • Low Mortgage • Mortgage Rate
Filed under: New Construction
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