preparing for home ownership
What's Your Credit Score?
FICO credit scores range from 350 to 800. How can you tell if you have a good credit score?
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The lower your credit score, the better chance you'll have to qualify for a mortgage.
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The higher your credit score, the better chance you'll have to qualify for a mortgage.
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Having an average credit score is the best way to show that you're a good credit risk.
The correct answer is "B". A score of 720 or better is considered very good, and may even qualify you for a lower interest rate. In the next module, we'll learn about home loans.