Credit Scores & Mortgages

unnamed (2).png

Higher is better. Will your scores be going down soon?
In January, Fair Isaac Corp., the company behind the FICO credit score, announced that its latest model will start incorporating consumers’ debt levels into their scores.
According to FICO estimates:

►About 110 million consumers will see a change to their score under the new model.

►Roughly 40 million will see a shift upward over 20 points.

►Another 40 million will see a shift downward over 20 points.

If your plans for 2020 include buying a new home or refinancing your current loan, let’s discuss how these changes in credit scores could affect your timetable. We’re here to answer your questions!
Brandon Pratt
unnamed (3)
Loan Originator
D: 617-688-6891
M: 617.688.6891
brandon.pratt@myccmortgage.com

Apply Now

The Brandon Pratt Team
CrossCountry Mortgage, LLC
180 Main Street Unit A
Gloucester, MA 01930
www.northshorehomeloans.com

One thought on “Credit Scores & Mortgages

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s