What is a good credit score for mortgages?

Answer On One Hand: Scores Greater than 700According to the Consumer Federation of America, a credit score of 700 or more is a good credit score for a mortgage. Information prepared by the agency and publ... Read More »

Top Q&A For: What is a good credit score for mortgages

Can second mortgages improve credit score?

On One Hand: Second Mortgages Can Improve Credit scoresIf a borrower uses a second mortgage properly, its impact on the credit score can be a positive one. If the borrower pays on the debt on time ... Read More »

What is a good credit score on a credit score scale?

On One Hand: Over 700 on the FICO ScaleThe FICO credit scoring scale runs from 300 to 850, with higher scores signifying a more credit-worthy individual. A score of 700 or higher signifies that you... Read More »

What credit score is needed for good credit card rates?

If you are going by FICO scores, the range is 300 to 850 with the higher the number, the better. Usually, anything over 700 will get you a good credit card rate, and anything below 600 will get you... Read More »

What is the optimal number of credit cards for a good credit score?

On One Hand: No More than SevenAccording to the Motley Fool, if you have more than seven credit cards your credit score will suffer. The FICO scoring model, developed by the Fair Isaac Corp., penal... Read More »