Credit

When it comes to mortgages and credit scores, there are two really important questions to ask: What credit score do I need to qualify for a mortgage? What credit score do I need to get the lowest interest rate on a mortgage? These different but related questions are important if you are looking to buy [...]

Every FICO credit score is made up of many different parts.  How many accounts you have open, how much credit you are utilizing and whether or not your credit accounts are in good standing all determine that magic 3-digit number.  But one factor that makes up about 10% of your credit score that many people [...]

The desire to know what your credit score is in comparison to the national average may be fueled by an innate interest to understand where you fall in comparison to others or it may be motivated to understand what it takes to qualify for a loan. As we’ve written before, all credit scores range from [...]

Have you ever wondered how a late mortgage payment would affect your credit score? How about a foreclosure or bankruptcy? Well, the folks over at FICO did some research into this question and the results may surprise you. The FICO research looked at three hypothetical consumers with starting credit scores of 680, 720 and 780. [...]