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Considerations. As evidenced by the current "sub-prime mortgage crisis," not being able to pay your mortgage will eventually result in foreclosure, which is both disheartening and very detrimental to your credit score.
When you are seeking the best possible rate for your mortgage, your credit score takes on an added level of importance. Your credit score and your credit report are the two main tools that are used to decide your mortgage rate and failure to remain up to date can lead to serious issues later.