Posts from May 3rd, 2023
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Why Home Buyers Should Still Care about Having a Higher Credit Score, Despite Fees Dropping for Buyers with Lower Credit Scores
Whether you've been planning on buying a house in the near future or not, you've probably heard that people with higher credit scores are now paying higher fees, and people with lower credit scores are paying lower fees when getting a mortgage.
Hearing that might make you feel one of two ways if you're planning on buying a house:
- Yippee! I'm finally getting a fair chance. It's not fair that people who don't need lower rates and fees always get the better end of the stick, and now I have a chance at buying a home.
- Not fair! I've worked hard to improve and maintain a great credit score, and now I'm being penalized for it?! What was the point of caring? Does it even pay off to be careful with m...