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Credit Score
January 19, 2023
A number which rates or predicts the relative likelihood an individual has of repaying a credit obligation. The higher the credit score, the more likely a lender will approve a loan at a lower interest rate.
Related Topics
When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?
Loan Default
Financial Considerations (For First-Time Home Buyers)
Mortgage Loan Types
Payment and Debt Ratios
Home Value: Appraised, Estimated, Actual