Credit Scores Are Not All About Paying On Time

When preparing to apply for a mortgage, many people become fixated on their credit scores. This is understandable given the overemphasis of the FICO score in most mortgage media. It is important to understand, however, that you can have an excellent FICO score but still have problems getting a mortgage for other reasons. One of the more common “off credit” problems is you have way too many credit cards open.