What is a FICO score?

November 23, 2009 by Rob Spring · Leave a Comment 

Scoring your Credit – How’s your FICO?
In today’s increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you’ve been paying your mortgage, car payments, and credit card bills can be analyzed, sliced, diced, spindled [...]

What is a Credit Score?

November 23, 2009 by Rob Spring · Leave a Comment 

What is a credit score?
Before deciding on what terms lenders will offer you on a loan (which they base on the “risk” to them), they want to know two things about you: your ability to pay back the loan, and your willingness to pay back the loan. For the first, they look at your income-to-debt [...]

Credit 101

October 12, 2009 by Rob Spring · Leave a Comment 

Understanding credit and credit scoring is a very important part of the loan process.