The same is true for other types of financing as well, such as personal and auto loans. (homebuyinginstitute.com)
Personal loan: Personal loans typically have higher interest rates than other types of financing options. (libertyreversemortgage.com)
If you're only making your minimum and carrying a high balance on a credit card — resulting in a lower credit score — this affects the ability to get other types of financing. (wisebread.com)