Credit Score

What Do Lenders Consider A Good Credit Score – What Scores Do Mortgage Lenders Use and Why Should You Care?

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What Do Lenders Consider A Good Credit Score – Tips In Finding The Best Company

Even though newer credit scores are available, mortgage lenders are required to use FICO scores that are decades old! Watch this video to find out why it’s important to know which credit scoring models are used by mortgage lenders.

TIMESTAMPS
0:00 Intro
0:58 The mortgage lending environment
2:33 How credit scores are used in mortgage lending
3:42 The problem with using old FICO credit scores
4:19 New credit score versions vs. older generations
4:55 VantageScore vs. FICO scores for mortgages

ABOUT CREDIT COUNTDOWN
Credit expert John Ulzheimer shows you how credit works. Having worked in the credit industry for nearly three decades for companies such as FICO, Equifax, and Credit.com, John Ulzheimer is one of our nation’s most sought-after credit experts and the leading authority on credit-related topics.

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