– Many potential new homebuyers often wonder if they have the credit score needed to buy a house. While a higher credit score can help make you more attractive to mortgage lenders, and often results in a lower interest rate and monthly payment, you don’t necessarily have to have a "perfect" score in order to qualify for a home loan.
You Do NOT Need a Credit Score – THE Christian Personal. – · You Do Not Need a Credit Score « Paying Debt says: November 9, 2011 at 5:54 pm Remember, living with a credit score, whether it’s a good score or a bad score, is a choice that you make.
· There’s no need to borrow unwisely or pay more interest than you need to-credit and borrowing are simply tools that you have available to use when appropriate. No history: If you’ve never borrowed in the past, or your previous loans are not on file with the three major credit reporting agencies, you need to establish a credit history.
Why You Need a Great Credit Score in Retirement Too – If you don’t buy a house until you’re 42 and you have a. you’ve shown yourself responsible with, the better a credit risk you are. Once you know your score, make plans to raise it if you need to..