What does credit score effect when trying to get a mortgage?
Added (1). So I'm 31, make $60k/yr, have a "good credit score" (700-750), and a decent amount of debt. I'm looking to purchase a house in 2019.
My friend who work in finance says I should focus on paying down my debt. With my credit being good, I'm wanting to focus on saving money for a bigger down payment.
What does your credit score effect when looking for a mortgage? Does it help you with a better interest rate? Bigger principal?
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