Finance
A Connecticut borrower has a credit score of 760 and applies for a conforming conventional mortgage. They are likely to receive:
AA higher interest rate due to their score being too high
BFavorable interest rates compared to borrowers with lower scores✓ Correct
CAutomatic FHA loan qualification
DNo benefit, as credit scores do not affect rates
Explanation
A higher credit score (760+) demonstrates strong creditworthiness, qualifying borrowers for the most favorable conventional mortgage interest rates and terms from lenders.
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