Description: The article covers the topic on whether Credit Karma is essential for people to check useful resources online, and whether Credit Karma is accurate to use or not.
Why is it different? What does Credit Karma so essential? I don’t want to deter anyone from checking their friend online, I think it’s a great way to do, I do it all the time, I check your trade lines, make sure there are no new accounts or anything fraudulent going on.
There are different types that might be close, they might be far away, but they’re a lot cheaper for them to use, so that’s why they’re doing a lot of places online, you’re looking a lot more in-depth on a mortgage pull as opposed to an online place.
You will get a lot of variation, there’s the phone, there are some countries, when people call me and say I’ll tell you what my score is, can you show me my options?
I can’t do that, if I show you, your score determines your interest rate, your mortgage insurance, the product I put you in, FICO has made hundreds of algorithms for all different types of industries and they’ve created over 55 different algorithms for mortgages.
When you’re looking online to see what your score is, if it says it’s a mortgage, it’s not anymore, that’s why I also hate it, mortgages are complicated and that’s why it’s important to go to your mortgage professionals to get that actual score, because that is gospel, that’s the one they have to use.