Learn why the importance of a credit score matters when buying a house. Learn how to check your credit score in India, quick fixes for how to improve your credit score, and avoid credit score mistakes before a home loan.
Why is a credit score important when buying a house?
A credit score shows lenders your past repayments and risk level. It affects approval, rate, and loan size. Lenders use the score to price interest and terms. Good credit reduces cost and stress. The importance of a credit score matters for mortgage decisions.
How often should I check my credit score?
Check monthly while preparing. Frequent checks help spot wrong entries or fraud. Fix issues before lenders run reports. Avoid repeatedly applying for credit, which adds hard enquiries. Regular checks reduce surprises at application time.
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