Your credit score: did you know that you have to have a credit score of 700-plus to qualify for a low-rate mortgage?
First, your credit score is a number assigned to your creditworthiness.
Your credit score indicates how well or how poorly you'll repay a debt. The higher the number, the more likely you'll repay on time.
Your bill paying information on credit reports provides the basis for your credit score.
Consumers who take the time to obtain their credit score, for only about $15 under most circumstances, are more likely to have a better understanding of the scores.
That includes knowledge that mortgage lenders rely heavily upon credit scores to approve or reject home loan applications.
Informed consumers also know they can generally raise their credit score by consistently paying bills on time every time; by paying off debt and closing those paid off accounts; by not coming close to maxing out credit cards and by regularly checking their credit reports to make sure they are accurate.
Your credit report is free from AnnualCreditReport.Com. For more information about your credit score go to MyFICO.com.
Your walk score: An agent in my office told me about this website yesterday, and I think it's really cute - type in your address, and a Google Map appears showing everything that is within walking distance of your place!
Check it out here.
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