Storms are rolling through North Texas regularly, so be sure to check your roof, gutters, air conditioners and landscaping for storm damage. Let us know if we can help you locate a reputable repair crew or someone to help you chop up that downed tree limb.....we work in this area daily, and are always happy to help. Stay safe & dry!

Anne, Daniel, Leslie, Carolyn & Rhonda

The Anne Lakusta Team

Though today is April Fool's Day, there is no fooling around with credit scores and credit history in today's mortage market. A person typically has three different FICO scores - Equifax, Experian, TransUnion). Here are a few important facts for you to know and understand:

** Paying bills on time is important but actually accounts for only about 35% of your overall FICO score. The FICO score has 4 other components: how much debt is owed (30%), the number of credit accounts recently opened (10%), the length of your credit history (15%) and the types of credit used (10%).
** Your FICO score does not take into account your income level or net worth. If you do not have a long term borrowing history, you may have a lower score, even if you pay for everything promptly.
** Checking your credit report does not affect your score, too many applications for credit can.

You can learn more about credit scoring by visiting MyFICO.com.

The mortgage market is changing and the headlines can make applying seem intimidating, but please don't hesitate to call us with any questions. It is more important now than ever to rely on industry professionals!