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mortgage0012

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Credit Score, more than 740 for excellent mortgage rate, can i rely on Credit Karma reported score.

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In reality, the Credit Karma score is a guide and not your true score.   Only your mortgage broker will know your true score.   That is because it will be computed on their own FICO model based upon the factors in your credit report.   You may find that the score from Credit Karma which uses Advtange and not FICO can be off between 50-100 points.  The nice thing about a mortgage broker is that they will go through your report with a fine tooth comb and point anything that they don't like which impacts your score.  Before you apply, ensure you have no late payments (they hate) and nothing negative (collection, public record) or at least be prepared to explain them in a very detailed fashion. 

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