Credit Score education
When you apply for a mortgage, lenders want to know what risk they would take on by lending you money. This is where your credit score becomes important. Three credit bureau reports are compared to come up with a number that represents that risk, which is referred to as your FICO® score.
Factors that are considered in your FICO® score are length of credit history, amounts owed, how well you pay debts on time, types of credit used and that sort of thing.
An RMS Loan Officer will be happy to help you examine your eligibility for a mortgage and discuss your options