So what does your credit have to do with buying a home? Everything. In thinking about the relationship that these two things have we must look at why it is necessary to have a good handle on your financial picture before you even think about purchasing a home. Not too many people have the luxury of simply paying cash for a home, the reality of the situation is that a mortgage of some kind is usually necessary. In order to get a mortgage or at least one that has favorable terms and a decent interest rate a person must have respectable credit. Now, living in today's world it can be fairly easy to tarnish your credit, a missed payment or two or even sometimes things that you were not aware of can decrease your chances of getting a decent loan.
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