A less than perfect credit score is a big excuse by lenders to ream you on higher interest rates, if you are so lucky to even find a lender. And they will nitpick the littlest item on a credit report.
No matter if you have always been on time on a mortgage or auto loan for the past 3 years. A 50.00 doctor bill not covered by insurance and misplaced by the billing company is all it takes.
Good luck.
Not really true. A $50 doctor bill usually doesn’t affect an interest rate at all in my experience, unless everything else about the file is tight, i.e. income is questionable, and pay history on bills is bad over time.
Either that or people who should be using me to finance their homes are going elsewhere! ;-)