What Credit Score Should You Strive for Before Purchasing a Home

question 55

Multiple Choice

What credit score should you strive for before purchasing a home in order to lower your interest rate and receive faster approval?

• A) 600
• B) 700
• C) 750
• D) 800

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Definitions:

Portfolio Expected Return

The weighted average of the expected returns of the assets in an investment portfolio.

Equal Investment

A strategy where equal amounts of capital are allocated to each investment within a portfolio.

Stocks

Shares of ownership in a company that represent a claim on part of the company's earnings and assets.

Payoff

The return or outcome received from an investment or decision, which can be positive (profit) or negative (loss).