Sentences with phrase «higher credit scores translate»

Not exact matches

People with good credit can use it to negotiate low - interest rates on the mortgage but very low scores translate to high rates on private lender loans.

A credit score reduction might translate to higher costs elsewhere (insurance premiums, for example) that more than offset the paltry income.

A high credit score may translate to a low interest rate.

Maintaining low balances translates into higher scores and shows how well you manage credit card debt.

Simply put, a good credit score entitles you to better mortgage rates, while a poor credit translates to a higher rate and larger down payment requirement.

That means on - time payments and responsible spending can quickly translate into a higher credit score.

The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more «home for your money.»

A higher or «good» credit score can translate into some tangible benefits for the buyer, as it typically means that the loan would be offered at the most competitive interest rates and other terms.

Too many inquiries could lower your credit score and result in higher interest rates when you borrow, which can translate into paying more over the life of the loan.