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Understanding Your FICO Score: Key to Better Home Loan Rates

August 6, 2024 by Rilian Ball

When you're looking to buy a home, one of the most important numbers you need to know is your FICO score. This three-digit number represents your creditworthiness and plays a crucial role in determining the terms of your home loan. Let's discuss what a FICO score is, how it's calculated, and why it matters for your home-buying journey. What is a FICO Score? A FICO score is a numerical representation of your creditworthiness, ranging from 300 to 850. It is calculated based on your credit report, … [Read more...]

Filed Under: Credit Scoring Tagged With: FICO Score, Homebuying Tips, Mortgage Advice

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