What Is Credit Score?
A credit score is a three-digit number (typically 300-850) summarizing a borrower's credit history, which lenders use alongside DTI and LTV to set mortgage eligibility and interest rate.
Why it matters
Even a modest score difference can noticeably change the interest rate a lender offers — borrowers should check and improve their score before shopping for a mortgage, not after.
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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