One thing most people don’t…

…know is that the credit scores available from consumer sites such as freecreditreport.com, myfico, etc. are not accurate or valid when it comes to qualifying for a loan. In fact, the scores are compiled using a variety of different scales and methodologies, and can be very misleading. In fact, most of them are not FICO scores at all. When it comes to mortgages, the only score that matters is the middle score which is pulled by your mortgage company (not the highest or the lowest, but the middle of three or the lowest of two bureaus) If you are pulling your own credit, the only official federal government sanctioned website is annualcreditreport.com , which is the only place you can pull all three reports for free (once a year) without signing up for things unexpectedly or unknowingly divulging private information to prospective creditors.

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credit score, credit scores, fico, loan, mortgage, refinance

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Tags: credit score, credit scores, fico, loan, mortgage, refinance