You can get less -
expensive mortgages and car loans when you have a better credit rating.
Not exact matches
IIf you fail to repay a private student
loan in default, it can severely damage your credit record
and your credit score, making it difficult or more
expensive to take out a
mortgage, buy a
car or even get a credit card.
So pay down
expensive accounts — like credit cards, retail cards,
and car loans —
and keep your low - interest, tax - deductible debt, such as a home
mortgage.
Without a good credit score
and history, the experts say, it's more difficult to qualify for a
mortgage or
car loan —
and more
expensive, too, because you won't get the best interest rates.
The first is buying a gem of a
car,
and the second is getting stuck with an
expensive refinance
mortgage loans.
Buying a
car can be
expensive,
and having a
car loan can be a pretty steep financial burden, particularly on top of student
loans, a
mortgage or rent
and other obligations.