Credit Score 101: What You Need To Know To Be a Successful Borrower - MortgageDepot
Credit Score 101: What You Need To Know To Be a Successful Borrower - MortgageDepot
Abstract
The more you know about credit scores, the more successful you'll be when you're applying for a home loan. To calculate a credit score, specific information about your borrowing history is plugged into an algorithm. There are a few different algorithms available, but no matter which one you look at, your credit score will be similar across the board. If you open several new credit accounts in a short period of time, red flags go up. To maximize your score.
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