A Low Credit Score Can Cost You
A low credit score can hurt your ability to get loans, and raises the cost of credit when you can get it. Credit scores are also now being used for calculating insurance rates, renting and even employment.
A low credit score can cost you thousands of dollars over your lifetime. Below, enter a Credit Score and a Loan Principal to see how much a low credit score can cost you on just your mortgage. If you're a home owner looking to refi or if you're looking to buy a home, raising your credit score is the most important thing for you to do! A better score not only means lower payments, but it can also mean a bigger house, the chance to take out more money on a re-finance, or even the difference between being approved or being denied.
Mortgage Savings Calculator
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FICO Score (3 digits) Principal (only numbers) |
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Your Credit Score Affects
- New Mortgage Loans, and Refinanced Loans
- Interest on Credit Cards
- Car Loan Payments
- Personal Loans
- Homeowners and Car Insurance Premiums
- Job Opportunities
Credit Expert Inc. is Certified as a Credit Expert by CreditCRM, the nation's leader in credit certification.