Category — Credit Score
Understand your FICO Score, and the Role it Plays in Financing
Your FICO score is an extremely influential number when it comes to determining whether or not you are eligible for mortgage financing. Your FICO score tells creditors, at a glance, whether or not you’re a good risk, and helps to determine whether or not they’re willing to dig deeper into your history to make a mortgage financing decision. Some mortgage companies won’t touch borrowers under a certain FICO score, while others have very strict requirements for credit histories with low FICO scores.
August 25, 2009 Mark Morrison is a local mortgage expert in MD. You can reach Mark toll free at 1-800-851-3730

