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Podcast: Financial Residency
Episode: Mortgage Minute: How are credit scores (FICO) calculated and how does it affect mortgage rates?
Description: What goes into calculating credit scores? Not only does it matter that you pay your bills on time, but you don't want to over-utilize your credit either. Doug goes into more details on how these scores are calculated and how that might affect the APR quoted to you for obtaining a loan. For a free copy of Doug's book on buying a home, go to www.DougCrouse.com.Â