Couples and Credit Q&A
Q: My husband and I have applied jointly for a mortgage. His credit score is about 100 points below mine. Will we have to pay higher rates?
A: Your husband's lower credit score could mean higher mortgage rates. Lenders might look at one or both of your credit scores from all three bureaus. If one score is drastically lower, it could mean a higher interest rate. But depending on his score, offering a larger down payment might help you qualify for something a bit lower.