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Your credit score can possibly affect your interest rate when you apply for home financing. If you have a low credit score, you are considered a higher risk to the bank, and therefore, they may raise your interest rate.

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Q: Does your credit score affect the interest rate when you apply for home financing?
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You can apply for financing services at your local bank or credit union. You can also apply for financing services online through a national company such as Quicken Loans.


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