Contact Me Today (815) 459-0512Mortgage 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.annualcreditreport.com.
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Equal Housing Lender. MetroMidwest Mortgage is a division of Metrocities Mortgage, LLC, a Delaware limited liability company, Illinois Residential Mortgage Licensee #6424, 228 Florence Street, Suite C, Crystal Lake, IL 60014. Restrictions may apply, ask for details. 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.