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Buyers Mortgage Information Real Estate Sellers

Let’s Talk Credit: Understanding your Credit Score

Did you know? FICO is an acronym for Fair Isaac and Company. In the 1950’s, Fair Isaac and company created the mathematical calculation that is used to determine your credit score.  It is a tool that was designed to determine one’s credit score and dependability in paying bills. The terms credit score and FICO score […]

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Mortgage Information

What affects your credit?

Did you know that a large portion of your mortgage approval and mortgage rate are based on your credit scores.  In today’s market, it is now more important than ever to pay attention to your credit scores as well as the balances you keep. Credit scores were developed by Fair Isaac and Company (FICO). The […]

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Buyers Mortgage Information Real Estate Sellers

Understanding how your Credit Works

Credit scores were developed by Fair Isaac and company (FICO). The models created using FICO take all the detailed information about your credit report and produce your credit score using different weights and factors contained in the FICO scoring models. The purpose of a FICO score is to show how likely you are to become […]

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Buyers Mortgage Information Real Estate

6 Things to Know About Credit Scores

By Jessica L. Anderson | Kiplinger – Thu, Jul 12, 2012 FICO isn’t the only number in town. The score that counts is the one your lender uses. 1. There is no single number. The compilers of the widely accepted FICO credit score allow lenders to customize their system, so different lenders produce different scores. Plus, each […]