Lenders will
also look at credit score to determine an applicant's creditworthiness and the interest rate they might receive on their mortgage.
Look at your credit score like a variable interest rate; it's never fixed in one place, and the higher your score, the lower the rates you can obtain.
In other provinces where the practice is allowed, major insurance
companies look at credit scores as a rating factor to calculate cost of premiums for individual customers.
To see how your credit score measures up, take a look at your
Auto and home
insurers look at your credit score, too — or more typically, at a similar «insurance credit score» built from in - house data and not made publicly available — so it's reasonable to wonder whether something similar happens when you shop for life insurance.
However, the money for VA mortgages comes from lenders and it is lenders
who look at credit scores as part of the process of assessing risk.