Understanding Your Credit Report: 4 Key Takeaways
A home purchase is one of the biggest financial commitments most people will ever make. Whether you’re a first-time buyer or looking to refinance, lenders rely on your credit report to determine how much of a risk you pose as a borrower. Every detail in your credit history plays a role in whether you qualify for a mortgage and what interest rate you receive. Understanding your credit report and how it impacts this process can help you position yourself for the best possible loan terms.
