Your credit score helps lenders see how you’ve handled debt in the past; the higher your score, the lower the interest rate on your mortgage might be. So, as you can imagine, it’s good to raise your score in preparation for applying for a loan. Send me a message for more tips to help get your finances in good shape for a mortgage! #thehelpfulLO #home #house #listreports #househunting #homeloan #mortgage #loanoffier #finances #smartmoney
Tag: FICO
Mortgage Terminology
Lenders use FICO scores to determine credit risk
Lenders use a FICO score to calculate credit risk. It’s based on the credit reports of the borrowers. The higher the score, the better. But don’t let a low score keep you from pursuing financing. Let’s talk and see what you can afford. #thehelpfulLO #home #house #listreports #homeowner #househunting #finances #investment #mortgage #loanofficer #realestate #icanhelp #themoreyouknow
You must be logged in to post a comment.