If you read our last post you know we like Mortgage Bankers verses Brokers.... no offense to all you brokers out there... it's simply what some 20 years of experience has taught us at the Urban Team.
Let's talk about credit scores (also called FICO scores) for a moment. FICO scores are at the root of all home loans... and the higher the number the better. In this market we are told that a score of 680 or more is strongly advised.
So what is your current FICO score? Several companies offer access to your credit report... Experian, MyFico.com, and many more. Each service has some kind of plan to trade your dollars for their information so choose carefully.
We'll talk again about tips on how to get your numbers higher.
Gene & Ron Urban
