Question

1. how does an individuals credit history affect the ability to purchase a home? mcm.1.4 a. a lower credit score automatically disqualifies a person from obtaining a mortgage. b. a higher credit score makes it easier to obtain a mortgage and results in lower interest rates. c. a higher credit score makes it more difficult to obtain a mortgage and leads to lower interest rates. d. a lower credit score means that a person has a good credit report, which results in better interest rates.

Explanation:

Lenders use credit scores to assess risk. Higher - credit - scoring borrowers are seen as less risky, making it easier for them to get a mortgage and often resulting in lower interest rates. A lower credit score doesn't automatically disqualify, and a lower score indicates more risk, not a good credit report.

Answer:

B. A higher credit score makes it easier to obtain a mortgage and results in lower interest rates.