WISDOM WEDNESDAY 🏡 Before buying a house understand your credit score. In ad…
WISDOM WEDNESDAY
Before buying a house understand your credit score. In addition to knowing what your credit scores are, it’s important to know what they mean. Various lenders use different standards, but in a rough sense, here is what the numbers mean: Under 580 is poor 580 to 669 is fair 670 to 739 is good 740 to 799 is very good 800 to 850 is great Having a low score won’t necessarily prevent you from getting a loan, but it will likely force you to pay more for financing. People with higher scores will have more offers at better interest rates, and that can translate into thousands, or even tens of thousands, in savings over the life of the loan. • • #wisdomwednesday #homebuying #realestatebroker #realestate #realtorlife #realestateagent #realtor #palmsprings #palmspringsmodern #midcenturymodern #instagood #thegoodlife #luxuryrealestate #modernhome #picoftheday #househunting #instagood #midcenturymodern
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