The importance of your credit scores?

It might look like I'm repeating myself a lot (might be the age) but you need to understand how important is your credit score for a new Mortgage or a refinance.

You need to stay on top with your credit score.

You have 3 different credit scores:

1- Equifax
P.O. Box 740256
Atlanta, GA 30374
(800)-685-1111
Web site: www.equifax.com

2- Transunion
P.O. Box 2000
Chester, PA 19022
(800) 888-4213
Web site: www.transunion.com

3- Experian
PO Box 2002
Allen, TX 75013
(888) 397-3742
Web site: www.experian.com

Mortgage companies use the middle score, it means not the smaller one and not the bigger one!

Many sites offer you to monitor your credit score or check with your bank.

Here's what each bureau looks into to give you a FICO score:
35% - Your Payment History
30% - Amounts You Owe
15% - Length of Your Credit History
10% - Types of Credit Used
10% - New Credit

They all use a different way to calculate your score, this is why you can have one score at 704 but another one at 621.

Also, not all companies report your information to the 3 credit bureaus!

Enjoy!