Benefits of Excellent Credit Scores
Why is having a good credit score important when buying and financing a property? Costs and Options. Good credit scores serve as a pass into a world of VIP perks, superior products and opportunities. In many ways it is a measure of one’s creditworthiness based on past credit histories. Here are some of the few benefits of having a good credit score:
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Access to more home buying options and loan products
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Receive low interest rates on mortgage loans and credit cards
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Better chance of loan approval
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Give you more negotiating power
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Get approved for higher limits
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Qualify for better credit cards with higher limits and rewards
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Pay less for insurance
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Give an indication that you will make a financially responsible partner