🏡 How Your Credit Score Impacts Your Mortgage Options

If you're exploring mortgage options and have a credit score below 620, it's important to understand how this affects your loan possibilities. While it’s possible to get approved with a score as low as 580, reaching 620 or higher can give you access to better terms and more loan options.

📉 Challenges with Credit Scores Below 620

With a score under 620, you may face:

• Limited loan programs, which can restrict your choices

• Higher interest rates, which increase monthly payments

• Stricter approval criteria, possibly requiring more documentation or a higher down payment

📈 Benefits of Improving Your Credit Score

Getting your credit score to 620 or above can lead to:

• More loan programs, including those with better terms

• Lower interest rates, saving you money over time

• Better loan terms, such as lower fees and more flexible options

🤝 We're Here to Help

At Speak Straight Mortgage, we’re committed to helping you understand your options and improve your credit. If you’re interested in a personalized plan to boost your score and get mortgage-ready, we’re here for you.

Schedule an appointment here https://links.empowerlo.com/widget/booking/t9otZCJe733FJR4INdfk