“If you are planning to buy a home anytime soon, you’ll most likely need to apply for a mortgage. Unfortunately, mortgages can be tougher to get these days than many people think.
Credit standards have relaxed a bit, but are still high on a historic basis. For example, the average FICO score for an approved conventional mortgage is 755, and the average score of those applicants who get denied is 724, which is considered to be a very good credit score…”
Image by Ljh3822 via Wikimedia Commons.
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