Homebuyers need to steer clear of FICO-score potholes
Experts in the credit-reporting field say that despite FICO’s good intentions, bad things can happen on inquiries — requests by lenders and others to pull your national credit-bureau reports.
In a marketplace where lenders are demanding record-high FICO credit scores — Fannie Mae and Freddie Mac are averaging around 760 on approved mortgages this year — are you a little fuzzy about what can push your scores up or down?
Are you thinking of buying a home? Now is a great time with this market and interest rates so low! Check out our Homeownership Simplified section a for information & tips on buying a house in Washington State as well as our handy calculators to figure out potential mortgages, closing costs, and more!