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Thread: How much does credit score effect loan interest rates?

  1. #1

    How much does credit score effect loan interest rates?

    How much does credit score effect loan interest rates? From what I've researched it can be crucial. If you have great credit you can get a great rate and the opposite is true. Should someone focus on building credit first and foremost before getting a large loan such as a mortgage?

  2. #2
    credit score will greatly effect the loan rate that you can get. Qualifying for a low interest rate loan is easier if you have great credit history and credit score. Yes I think credit score is the main thing a loan officer will look at when lending to you.

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