A CVT does not strictly require the presence of a clutch. Nevertheless, in some vehicles (e.g. motorcycles), a centrifugal clutch is added to facilitate a neutral stance, which is useful when idling or manually reversing into a parking space.
While it does not take perfect credit to get a decent mortgage, buyers with better credit scores get mortgages with lower interest rates and may be exempt from certain fees during the mortgage process. First-time home buyers should be aware of their credit histories and expect mortgage rates to reflect them.
Many first-time buyers need additional help managing the costs of home ownership, such as taxes and insurance. Because these costs are separate from the mortgage and due less frequently, the borrower's mortgage lender often requires her to establish an escrow account, also known as an impound account.