What is the impact of my credit score on home affordability?

Your credit score can have a significant impact on your ability to afford a home. A higher credit score can help you qualify for a lower interest rate, which in turn can reduce your monthly mortgage payment and save you thousands of rupees over the life of the loan. On the other hand, a lower credit score can result in a higher interest rate, which can make your monthly mortgage payment more expensive and may limit the amount you can borrow. It's important to check your credit score regularly and work on improving it if necessary to increase your home affordability.