The FICO credit scoring system has been widely used since 1989. Since then the parameters in which FICO arrives at a certain number for an individual credit score have changed to help give a more precise assessment of a person’s credit history. This summer the FICO...
Not all mortgages end in final approval and the purchase of a home. Some mortgages never get to the final signing of papers and handing over of keys. If you have been denied for a home loan the following articles have some great tips on what to do next. Thoroughly...
One of the biggest inquiries home buyers have about applying for a mortgage is how their personal credit score will affect or determine their ability to qualify, because an applicant’s credit, or FICO score, is a key determining factor. In general, the mortgage...
A lot of us think that that credit score, that end-all/a be-all number is really the deciding factor on whether or not we can get a loan. Any loan or for that matter be it a car loan, student loan, appliance loan, or financing just about anything, but that score, that...
Your credit score and history is one of those magical things that sit out there in the inter-webs just waiting to be increased, decreased, or inquired upon. That magical little number can offer excellent rates on loans or prevent you from getting the home of your...