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Real Estate Resources
Helping to Keep You Informed

Real Estate Resources

An informed consumer is more likely to make the best decision for their circumstances and, their knowledge can help to navigate the process with less stress. Here we have gathered some tools and information that you can utilize to assist you in preparing to apply for a loan or refinance. Remember, McLean Mortgage will be standing by your side every step of the way as we go through the process of achieving your real estate goals.

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House Prices in Focus: The Weekly Market Update

House Prices in Focus: The Weekly Market Update

Happy Thanksgiving Every year it seems like the months go by more quickly than before. Here we are wishing everyone a happy Thanksgiving already. Where did the summer go? Though…

Looking For a Better Score: Special Real Estate Report

Looking For a Better Score: Special Real Estate Report

Credit Health More Americans are actively seeking to improve their credit scores to help achieve their financial goals including home ownership. Chase Slate’s 2017 Credit Outlook reveals that 72% of…

Lobbyists Galore: The Weekly Market Update

Lobbyists Galore: The Weekly Market Update

Taxes: Long Road to Travel The tax reform proposal is now in print. For a year we have been hearing about the concept of tax reform. But now that there…

Know Your FICO Score. Be Credit Score Smart.

Your FICO® Score is a number that summarizes your credit risk. McLean Mortgage and other lenders use it to make credit decisions, such as the interest rate you get when you apply for a loan. Your FICO® Score is calculated based on the scores reported from the 3 major credit reporting agencies (Experian, Equifax, and TransUnion).

Using mathematical models, the FICO® score takes into account various factors in each of these five areas to determine credit risk: payment history, current level of indebtedness, types of credit used, length of credit history and, new credit. Lenders also look at other areas when making a credit decision including: your income, how long you have worked at your present job and the kind of credit you’re requesting. A person’s FICO® score will range between 300 and 850. In general, having a FICO® score above 650 indicates that the individual has a very good credit history, and will be able to get financing at a more favorable rate.

Get your FICO Score and FREE Credit Analysis

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