Full Access To FICO Credit Scores

FICO Credit Scores

When it comes to getting the best rate for your mortgage, your lender will take a close look at your FICO credit score. In the past, it was very difficult to see the exact FICO score that your lender was looking at when determining your rates, but thanks to a version of the score that was previously only available to lenders, that is now an issue of the past.

The credit scores that are seen by lenders are typically a different score than what you are able to see when you check your credit report. Knowing the score that your lender is able to see can be extremely helpful when shopping for the right lender. Comparing lenders will help to ensure that you are able to get the right rates for your score range.

It is important to keep in mind that the full FICO credit score that your lender sees will come at an additional cost. You have the option of having access to your credit score on a monthly basis for only $14.95. When you get the report, it will also have the factors that influence your actual credit score, which can be very helpful when you are improving your credit score before applying for a mortgage. Since you have different FICO credit scores that are used for different purposes, such as credit card accounts and car loans, you will have access to just the score that will help you get the right mortgage.

FICO has decided to give consumers access to their credit score in order to help them have the most accurate information. There are many companies that claim to provide correct credit scores, much different than the score that your lender will use.

For more information on your access to full FICO scores as a home buyer, contact real estate professional Cary Amo in Lafayette, California.

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