What is a Credit Score?

By
Real Estate Agent with Keller Williams SL3262949
 
What is a Credit Score?
 
Kelly taylor, 5670kelly@gmail.com, www.lakewoodranchkelly.com
 
A credit score is a number between 300 and 850 that credit bureaus use to predict a borrower's creditworthiness, or how likely someone is to repay their debts. Lenders or creditors use this score to decide how safe it is to lend that person the money they are requesting. 
 
 A credit score is determined by the three leading credit bureaus, TransUnion, Equifax and Experian. Creditors report information to them such as credit limits, number of accounts and whether the accounts are paid on time. Each agency keeps its own records so a score can vary from bureau to bureau. For a mortgage loan, generally the average of the 3 scores is used.

When you get ready to buy a home you will need a great team of people working for you.  I work with a great team of mortgage lenders and together we can help you with financing and finding the perfect home. Call me today, I look forward to helping you fulfill your dreams of owning a home. 

Kelly Taylor-Keller Williams Realty Select
941-706-5813

 

Comments (1)

Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

Now our whole world evolves around a good to great credit score for just about anything.

Mar 06, 2015 12:52 PM