Mortgage calculators can definitely be useful tools and sometimes they are spot on, but a lot has to fall into place for them to be accurate. There are a LOT of moving parts when it comes to why you pay what you pay.
Over the last week, I have spoken to a number of potential clients with NO credit score. It’s not a myth –If you pay off all debts, and then stop using your credit lines, your credit history essentially disappears. Read more to learn how this affects your mortgage.