Low Credit Scores Add Up

By David Wharton

A “fair” credit score between 640 and 679 could cost a borrower around $720 a year in extra mortgage payments than a borrower with an “excellent” score, according to a new Zillow study. Zillow analyzed Annual Percentage Rate (APR) terms offered to borrowers on Zillow Mortgages and found that “a borrower with a fair score …

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Low Credit Scores Add Up

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