What Realtors Need To Know About Credit Scores

What Realtors Need To Know About Credit Scores

Know which scores mortgage lenders depend on to fund loans

When shopping for a good mortgage interest rate, consumers need to know their credit sco Many go “on line” to get a free credit score Sounds good, but it is really not; they just received a meaningless credit score that lenders never use. They also handed over personal information to that credit score provider for life.

If you want to learn more about a consumer’s credit score that is actually used by mortgage lenders, myfico.com is a great website to visit. For $19.95 per bureau, consumers can purchase a customized credit report with a genuine FICO score. A consumer may order his own score a hundred times a day, and it will have no impact on the consumer’s score.( Nabil CaptanContributor)

For more information go to: http://www.inman.com/2014/09/03/what-realtors-need-to-know-about-credit-scores/ 


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Dated: November 9th 2014
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