what’s your fico score? Been in Bay Area for slightly less than a year and thinking to invest in property. How much should my fico score be for getting good loan?
According to Dave Ramsey, it doesn't matter 😊
Yep it doesn’t matter. There is merit to it if you carefully consider his argument
It should be at least 720 to qualify for the best rates. Mine is 830 but that took several years of responsible credit and a healthy mix of accounts.
830 is really good!
What kind of mix of accounts?
Dave Ramsey is wrong. The FICO score determines the interest rate you are going to pay. Obviously you need enough income to qualify for a specific amount of loan (usually there is a debt to pretax income ratio of 35%).
No, he isn’t. With manual underwriting, the I love debt score doesn’t matter.
Make a poll
Mine is 800 but I've never had a late payment in my life. I don't mess around when it comes to my credit score
Credit history, current liabilities, and income is often more important than credit score