Buying a House? Know Your FICO Score

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April is Financial Literacy Month

Do you know your FICO score? It’s good to know where you stand, especially if you’re looking to buy a house.

A higher score tells lenders that you’re more likely to pay them back. When you ask a bank to lend you money to buy a home, the bank uses your FICO score to decide how much money it’s willing to lend you.

Learn more about how your score is calculated and how it impacts your borrowing power in this Solutions for Your Life video.

Photo by Feverpitched/iStock/Thinkstock

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Posted: April 4, 2016


Category: Money Matters, SFYL Hot Topic, Work & Life
Tags: Family Hot Topic, FICO Score, Financial Literacy, Homeownership, Mortgage


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