finance2 years ago
The Impact of Credit Scores on Mortgage Payments and Homebuyers
Financial experts caution that while having a good credit score can help secure a lower interest rate on a mortgage, it does not necessarily guarantee a lower monthly payment. Other factors such as debt-to-income ratio and the size of the down payment can also impact the monthly payment. It is important for potential homebuyers to consider all of these factors when determining what they can afford.