Just Because You Can Afford the Down Payment…Doesn’t Mean You Should Buy A House (Part II)

<p>First, if you have a credit score of 700 (remember, the OP&rsquo;s minimum score was 620), that&rsquo;s pretty good!&nbsp;<a href="https://www.businessinsider.com/personal-finance/average-credit-score" rel="noopener ugc nofollow" target="_blank">You&rsquo;re a little under the national average</a>, but that&rsquo;s still pretty good!</p> <p>So why do you have a score of 700, rather than, say, 750, or even 800? There are a lot of reasons why your score might not be perfect, but the most likely reason might be that you have outstanding debt.</p> <p>Also keep in mind, the worse your credit score is, the more it costs to borrow money. This comes in the form of interest rates. These rates can be applied to cars, college, and yes,&nbsp;<em>homes</em>.</p> <p><a href="https://matt-croak.medium.com/just-because-you-can-afford-the-down-payment-doesnt-mean-you-should-buy-a-house-part-ii-cf50d87870ed"><strong>Read More</strong></a></p>