{"id":5576,"date":"2025-09-22T23:53:45","date_gmt":"2025-09-22T23:53:45","guid":{"rendered":"https:\/\/cityviewmortgage.com\/?page_id=5576"},"modified":"2025-09-23T00:00:51","modified_gmt":"2025-09-23T00:00:51","slug":"your-fico-score","status":"publish","type":"page","link":"https:\/\/cityviewmortgage.com\/?page_id=5576","title":{"rendered":"Your FICO Score"},"content":{"rendered":"
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FICO Credit Scores:\n
What Do They Mean?<\/h2>\n <\/div>\n <\/div>\n
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Since we live in an computer-driven world, it should come as no surprise that your ability to repay your mortgage boils down to just one number. This score is built by credit agencies. They use the payment history from your various\n loans: mortgages, car\/motorcycle\/boat loans, credit cards, and others.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

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\n \n FICO<\/span><\/a>\n \n Impact<\/span><\/a>\n \n The Report<\/span><\/a>\n <\/div>\n
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The Credit Score: FICO<\/h4>\n <\/div>\n <\/div>\n
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The three reporting agencies use slightly different formulas to build a credit score. The original FICO was developed by F<\/strong>air I<\/strong>saac and Co<\/strong>mpany. While Experian still\n calls its score “FICO”, TransUnion calls its score “Beacon” and Equifax uses “Empirica.” While each of the models considers a range of data available in your credit report, the differences aren’t huge; they all use\n the following in building your credit score:<\/p>\n