Scoring your Credit – How’s your FICO?

Before buying a home in the Pensacola, Florida area, it is crucial to make sure that your credit is in good condition. The first step in doing so is to learn how your credit score is determined.

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 and
mutilated into a single indicator of whether you’re likely to meet your future
obligations.