LogFAQs > #942171394

WarfireX posted...

As someone who approves mortgage loans for a living, no it does not mean nearly as much as you think it does.

Again, a high credit score does not do all the work for you that a low one does against you. But you're some kid on GFAQs, so keep telling me about what you think you know about financing.

Here's what I understand: Credit scores matter for rate eligibility and that's it. Depending on the lender, once you pass the a certain credit (typically around 740 or higher), you qualify for the best rates.

Aside from the rates, the biggest thing that matters is your debt to income ratio, your loan to value ratio of the thing you're trying to get a loan for, and the assets you have.

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