Mortgage Minute: How are credit scores (FICO) calculated and how does it affect mortgage rates?

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.