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Mortgage Basics



What is a Credit Score?

A credit score is the result of a mathematical equation that evaluates many types of information that are on your credit report. Potential lenders will usually review your credit report and credit score, along with other factors, such as your ability and likelihood to repay debt.

Credit scores are often called "FICO scores" because most credit scores are produced from software based on a model developed by Fair Isaac and Company ("FICO"). For more information about FICO scores, go to www.annualcreditreport.com.

 

 

   
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Metro North County Financial is a division of Metrocities Mortgage, LLC, a Delaware limited liability company, licensed by the California Department of Corporations under CRMLA. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Neither Keller Williams Realty nor its affiliated companies warrant any product or service delivered under this program. All products and services are provided by Metro North County Financial.