how good credit score for home loan is important
DESCRIPTION
A good credit score indicates a lower risk profile, which means that the lender would be willing to lend home loan from bank easily.TRANSCRIPT
Short Example OfGood Credit ScoreFor Home Loan
Here, we take an example of Mr. Samanth to explain how good credit score for home loanis important. Mr. Samanth was in the process of making a checklist that comprised of
aspects to focus on before he started to look for a home and get a loan for it. Here are a few things that were included in the list made by Mr. Samanth:
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Good CreditScoreSome key points arethere:-
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Gives the Applicant a WiderChoice
Choose a reputed builder
Credit Score is Important
Get the Application Accepted
A good score not only gives thelender a wider choice but alsoallows them to negotiate agood deal for themselves.Lenders charge interest on theamount they lend as the costfor the risk of default (by theborrower) they bear.
Can help ingetting BetterDeals
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