Page 4 - ooba First Time Buyers Guide
P. 4
CREDIT
SCORE
Before a bank starts to process your home loan
application, they will assess your credit score.
Judgments or a poor payment record may affect
your chance of home loan approval. You will need
a credit score of 610+ to be considered for a home
loan.
A good to excellent credit score
will allow ooba Home Loans
to negotiate a preferential interest
rate for you on your home loan,
saving you thousands over the
term of your loan.
