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.anualcreditreport.com.
Equal Housing Lender. Metrocities Mortgage, LLC, Massachusetts Mortgage Lender License #MC2011. This is not an offer for extension of credit or a commitment to lend. All calculations are approximations. All rates, fees, and programs are subject to change and/or withdrawals from the market without notice. Neither Keller Williams Realty nor its affiliated companies warrant any product or service delivered under this program. All products and services are provided by Metrocities Mortgage.