Improving a credit score could save homebuyers tens of thousands of dollars in mortgage interest, according to a new nationwide study from AD Mortgage, released on Thursday.

The analysis, Credit Score vs. Mortgage Cost: How Long It Takes to Improve and How Much It Can Save, State by State, shows that even modest gains in a borrower’s FICO score can significantly affect home affordability.

According to the study‘s methodology, the analysis “combines publicly available data with modeled scenarios to estimate the financial benefit of raising a credit score to 760, and how long that improvement might take.”

Variation across details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com