| You have found your perfect piece of San Diego real | | | | credit scores, most real estate mortgage lenders use |
| estate, and now you only need secure a real estate | | | | the FICO score, which was developed by Fair Isaac. |
| mortgage at a great rate. Simple, right? Definitely | | | | The FICO is used for several types of credit and can |
| not!Before a mortgage makes that real estate yours, | | | | affect terms offered for credit cards, car loans, home |
| the lender is going to check your credit score, which | | | | equity loans, private mortgage insurance, the required |
| will determine what type of terms they offer to you, | | | | size of your down payment, and even the amount of |
| how much you will pay over the life of the real estate | | | | documentation a lender will require of you during your |
| mortgage, and even if you can secure a mortgage. | | | | mortgage application. Your score determines what |
| Your credit score tells a lender what type of credit risk | | | | type of loan for which you are eligible, as well as how |
| you are and the likelihood that you will repay the | | | | much money you can borrow. |
| money loaned.Though there are several types of | | | | |