By Bethy Hardeman for Credit Karma
You’ve heard it before: You should improve your credit. But do you know just why you should focus on your credit health? It’s not just because you can qualify for credit cards with great rewards — though that’s a nice perk. A great credit score can actually save you some big bucks on longer-term loans.
Good Credit Helps You Save on Your Mortgage
One of the most well-known ways that your credit score saves you money is by getting you low interest rates on loans. While the rate difference may be only a few percentage points, the overall cost difference can be huge.
Let’s take a few examples, based on the rates FICO publishes in...