A FICO score is formulated from years of your credit history using a model developed by Fair Isaac and Company. You will have a score with each of three major credit reporting agencies using slightly different models to calculate your score. Experian uses FICO, Equifax's uses BEACON and TransUnion uses EMPIRICA. Scores range from 300 to 850.A consultation with a good lender about methods to improve and maintain your credit scores can help you get on track and keep you there. These scores show the type of loan and interest rate you may qualify for when applying for your mortgage.
Factors in reviewing your FICO score include:
Quest Real Estate Services of Florida, LLC, knows proven Tallahassee area lenders that can be sure to help your loan process to go more smoothly so you, too, can become a homeowner. E-mail us at email@example.com or call 850-559-2178.
You can find out more about FICO scores at www.myFICO.com, Fair Isaac's informational site and once per year, for free, you can review all three of your credit reports at www.annualcreditreport.com. And, for a small payment, you can get your FICO score from each bureau on their websites: www.equifax.com, www.experian.com and www.transunion.com.
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