The role of credit scores in commercial property loan
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Loan Amount Impact
A high score equals a larger loan, whereas a low score results in a smaller loan.
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Differing Rates
A low score leads to high interest, whereas a high score results in lower interest.
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Approval Delays
A low score might lead to a slower loan approval process.
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Higher Fees
A low score often leads to higher loan processing fees.
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Risk of Rejection
A low score increases the risk of loan rejection.
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Good Credit Score
A better score means improved loan deals eventually. So, always maintain it.
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