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Does your credit score affect the interest rate when you apply for home financing?

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.


Does in-house financing impact your credit score?

Yes, in-house financing can impact your credit score. When you use in-house financing to make a purchase, the lender may report your payment history to the credit bureaus, which can affect your credit score positively or negatively depending on how you manage the payments.


How does the nature of a business affect its sources of financing?

The nature of a business affect from its sources of financing are by a firm's economic potential (high growth and large profits yields more possible sources of financing), the company size and maturity (firms with established track record have more financing options than startups; e.g., bankers loan based on past performance), types of assets (firms with tangible assets have an easier time borrowing money than do those with intangible assets), and owner preferences for debt or equity (the mix is a matter of preference).A great way for a small to medium sized business to solve their financing and cash-flow problems is to have their invoices factored and get 80 to 90% of the invoices value paid up front.


How gestation period of ongoing project affect project financing decision?

The gestation period of an ongoing project is the length of time it takes said project to start showing results or profitability. This affects financing decisions as to whether or not it would be profitable to undertake the project in the first place.


How does a bad credit loan affect a person?

Having a bad credit loan negatively affects a person in many ways. Having bad credit enables a person from being able to obtain other loans including those having to do with home financing, vehicle financing, etc.

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Does your credit score affect the interest rate when you apply for home financing?

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.