Preparing for a home purchase: is your credit score good enough?
When preparing to purchase a home, you will most likely need the assistance of a mortgage in order to finance your home ownership. When applying for a mortgage, most conveyancing lenders will want to evaluate how likely you are to make timely repayments.
Indeed, lenders want to minimise the risk of mortgage defaults, which can be quite costly to their operations. One of the metrics that determines your creditworthiness is your credit score.
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