How a Low Credit Score Can Cost You
A low credit score hurts your ability to get loans, and raises the cost of credit when you can get it. Credit scores are also used for insurance rates, renting and even employment.
A poor credit score can cost you hundreds of thousands of dollars over your life. Enter in a FICO score and a Loan Principal below to see how much a poor FICO score can cost you on just your mortgage. *Of course this is for illustration purposes only, interest rates are volatile and each application is different. If you are a homeowner or looking to buy, raising your FICO score is the single most important thing for you to do. A better score not only means lower payments, but can mean a better quality of life, the chance to access your equity on a refinance or even the difference between being able to buy or not.
Mortgage Savings Calculator
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FICO Score (3 digits) Principal (only numbers) |
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Your Credit Score Impacts (just to name a few)
- Homeowner's Insurance
- Car Insurance Payments
- Car Loan Payments
- Personal Loans
- Mortgage Refinance
- Job Opportunities
