How does taking out a home loan affect a credit score, and what should one be aware of when managing a home loan in relation to a credit score?
@Johndavid Taking out a home loan can impact your credit score both positively and negatively. Initially, your score might dip due to the credit inquiry and new debt. However, timely payments can boost your score over time. Be sure to manage your loan responsibly by making payments on time and keeping an eye on your credit utilization to maintain a good credit score.