changes are occurring in the mortgage industry, changes that are
making it significantly more difficult to obtain a new mortgage or
competitive rate refinance with anything other than the highest of
FICO® scores. These changes, compounded by decreasing
property values make your FICO score even more critical.
credit score is
the most important item in determining your loan
eligibility, interest rate, and how much you can borrow
(loan to value or LTV.)
The first step in getting the best mortgage is knowing what's on your
credit report and obtaining your FICO scores. The problem is that
consumers no longer have direct access to all of their FICO scores
as Experian no longer permits the direct sales of a credit report
containing an Experian FICO score to a consumer. The only
way to obtain all three of your FICO scores (Experian, Trans Union
and Equifax) is through the mortgage process. All sites advertising
three credit scores are providing "other" credit score
models (often referred to as "FAKO" scores.)
Maximizing your credit score so you
qualify for the best mortgage possible is challenging as credit scoring
is counter-intuitive. Changes that you think will improve
your credit score often have the exact opposite effect (click
here to see how 1 point can cost you thousands on your next mortgage
Mortgage Professional Wisely - A Single Phone Call Can Save You Thousands
Don't make the mistake of choosing a mortgage lender or program
without knowing your options. Lenders with
access to Credit Technologies advanced rescoring solutions could save
your mortgage or refinance, or help get you approved when other
lenders say no. Here's a simple
"Certain credit cards used by
millions of consumers are virtually guaranteed to lower your FICO
score, often by 20+ points. This occurs even if you have never had a late
payment. Simply having this type of credit card in your purse or wallet can
unknowingly cost you thousands on your mortgage or refinance."
mortgage professional to explain this credit card dilemma to you and
determine if your credit score is impacted (the solution is often a single phone call.) If they can't, you
may pay too much for your mortgage or refinance.
Certified Mortgage Professionals in Your Area
looking for a mortgage, or just want a second opinion - We can provide you a
free list of certified professionals in your area
specially trained to make sure you qualify for the best loan possible.
with a live customer service rep or
us an email, or simply call us at 800.473.1380. All we need is
your name, address and an email address to send you a list of
mortgage professionals in
are usually simple ways to improve your FICO score and save thousands on virtually any loan including your mortgage, refinance -
even your auto insurance rates.
Learn the magic
Your mortgage professional should be
FICO scores, and how they impact your loan
your scores differ between the repositories (Experian,
Trans Union and Equifax)
credit score issues and provide a
concise, easy to follow plan to quickly improve your scores (often
72 hours or less) enabling you
to obtain the best mortgage loan possible.
Technologies does not release your information to any third party.
We instead provide you contact information for mortgage professionals in your area that are
certified through Credit Technologies and have access to our mortgage credit
already working with a broker or lender that does not have access to
Credit Technologies, have your mortgage professional call
800.445.4922 - we'll work with your chosen professional to
get you the best loan available.
A Warning about Credit Repair
Credit Technologies does not provide credit repair services, nor do we
permit anyone engaged in credit repair access to our technologies. Before
considering using any credit repair company, we strongly suggest you
review our warning
about credit repair.
Founded in 1990, Credit Technologies is a credit reporting agency
serving top mortgage lenders and brokers nationwide. In
1997, we introduced ScoreExpress, the first credit
rescoring system designed to process updates to consumer credit
reports in less than 72 hours. Today ScoreExpress is the most powerful credit report analysis and rescoring
system available and can be accessed exclusively through our network
of certified mortgage professionals. Lenders with
access to Credit Technologies enjoy an average credit score
improvement is 30.2 points, (Mortgage
professionals - Learn
more about becoming certified through Credit
is a registered trademark of the Fair Isaac Company.