The Blog ofRMG Properties

Credit Confusion

Fannie Mae’s latest Understanding of Mortgage Survey 2019 showed that 43% of respondents didn’t know their credit score, compared to 48% in 2015. College grads have driven the increase in the number of people who have viewed their score in the last six months to 65% – up from 53% three years ago. But mortgage credit minimums are still a mystery: 86% of homeowners and 89% of renters either didn’t know or cited the incorrect score required to qualify for a mortgage.