Mortgages can help you purchase a home, even when you don’t have $100,000 or more saved up to do so out of pocket. However, mortgages aren’t free. In order to get a mortgage, you have to agree to pay the mortgage lenders a fee in the form of interest. However, interest isn’t a fee that is set in stone. Depending on a number of factors, you might be offered a higher or lower interest rate. One of these factors is your credit score.

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