You Need Lines of Credit to Get a Mortgage

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Qualifying for a mortgage loan requires a good credit history.  Banks want a proven record of responsible financial behavior and lines of credit answer this requirement.  It’s not enough to use a mortgage loan calculator to figure your mortgage payment amount, you need to demonstrate that you can handle credit successfully. What is a line of credit?  A line of credit (aka credit line) is when a bank grants an unsecured loan amount. …