mortgage meeting

What credit score do I need for a mortgage?

When applying for a mortgage, you don’t need a specific credit score to be accepted. This is because there isn’t just one credit score. The lender you approach will calculate your mortgage for you so that they can determine if you are a worthy risk. They want to know that you can be trusted and are likely to pay back the mortgage each month. A higher score usually indicates that you come with less risk. As a result, the more points you score, the better the chance of being accepted for a mortgage, and with better rates.

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