Don't Take a Chance on Your Credit Score

Hey, quick, answer this question: What's a FICO?

If you can't answer this question then you haven't checked your credit rating lately.  If your thinking of buying a new house, you need to be thinking about your FICO score.  Even if you're buying a year or 2 down the road.

Your FICO score is an industry-standard creditworthiness rating that all major banks and mortgage lendors use to determine how much to loan you and what fees and interest rate to charge you for that priveledge.  It takes into account current debt load, payment history, curent credit applications, types of credit used...  basically everything having to do with all of your loans and credit cards and their history.

Your FICO score is your key to getting a mortgage to purchase your dream home and keeping your interest rate as low as possible.  Quite simply, a higher FICO means more credit at better interest rates.  The time to check your FICO is now.  I used myFICO.com to check mine and I'm glad I did.  The 30 day trial is free and the website is full of useful knowledge and advice.

Check out myFICO.com today!  You'll be glad you did.

-- Rob --

Rob Gutman and Brad Kimmelman are the Ridgefield Experts.  We are available to serve your real estate needs in Ridgefield, Redding, Wilton and the rest of Fairfield County.

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