North Metro Atlanta · Finance
Does a higher credit score lower my mortgage rate?
Raising your credit score typically lowers the rate a lender offers, since pricing is built around risk tiers tied to that score. The size of the improvement depends on which tier you move into, not just how many points your score gains. Paying down credit card balances and avoiding new credit inquiries before you apply are the most direct ways to move up a tier. A lender can show you the rate difference between tiers before you apply.
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