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FICO Score
"What is a FICO score? How can I change mine?"
There are several ways to increase your fico score. It is best to speak with your mortgage professional and decide which way will increase your score the best. Often simple things can change your score dramatically.
Don't apply for lots of credit either, especially when you are trying to get a home loan. This can negatively impact your score, which in turn could cause you have a higher interest rate.
Your FICO score is an assigned rating that the major credit bureau assign to your credit. These scores vary from credit bureau company.
The best way to raise your fico score is to allways keep in mind "balance". Not enough established credit will hurt you, so will too much. No balances on your credit cards will lower your score, so will too high of a balance.
Links to more helpful sites:
Loan Officer | When Selecting a Lender BEWARE | Bad Credit Home Loan | What is needed to start the loan process | Using Your Equity to Make Home Improvements
