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Posted: Friday, February 17, 2017 5:57 AM


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What Should Your Credit Score Be When Buying a House?
All of us dream of buying our own house someday. We want to own a house, have a family - perfect picture! And to get to that perfect home of yours, there are requirements and processes which you can talk through with the experts at The Fejeran Group.

With all the things you should know when buying a home, let's talk about how credit score affects the process of buying a house.

What is credit score? The term credit score refers to a 3-digit number that represents a person's creditworthiness. Most commonly, a credit score is the calculated score from a formula developed by Fair, Isaac and Company or FICO - that's why credit score is sometimes called FICO score. They use credit information coming from the three major credit reporting agencies – Equifax, Experian and TransUnion. This is the score most lenders and insurance companies today are using. Scores are calculated by FICO from the different components. For more information, check out the full article here.

• Location: McKinney, TX, North DFW

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