Home Mortgage and FICO - What Exactly Is It? ( Part 1)

Home Loans

Home Mortgage and FICO - What Exactly Is It? ( Part 1)
(presented by www.refinance-refinance.net - mortgage lenders)

By J Krohn

There are very few things you can do before applying for a mortgage loan that are more important than knowing your FICO score. Fair Isaac & Company- the heart of FICO is the score that greatly determines your interest rate on any loan-car, furniture, home equity, and of course on credit cards. It can even determine IF you get the loan.

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A FICO score is a composite of many historical factors (as many as 22) used by millions of people to create a single score that is used by virtually all lenders to predict future behavior. Among the factors are:

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