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Credit Score Requirements for Mortgages
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Been thinking about this lately... say someone has a pretty solid credit score, like around 720ish, but they're aiming for the absolute best mortgage rates. Would bumping it up another 20 or 30 points really make that big of a difference? Curious if anyone's been in this boat before.
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I was in a similar spot a couple years back—had around 725ish and wondered if pushing it higher would really matter. Ended up nudging it to about 750 before applying, and honestly, the difference wasn't huge but noticeable enough. Got slightly better terms, maybe shaved off an eighth of a percent or so on interest. Doesn't sound like much, but over 30 years... it adds up. Guess it depends how much effort you're willing to put in for that small edge?
