After finding out on Scotsman Guide webpage that there was a No-FICO score lender, I had to do some research for myself and find out what that is about. Maybe you knew but I found out that a Non-FICO based program allows a lender to approve you without pulling a FICO Score. Stop the press! I am surprised by this. What they do is use your mortgage history in order to determine your loan amounts and loan rates. I wonder how many people have actually heard of that and use this. I will have to talk with some of the different colleagues that I know to see if they are using a product such as this. If you would like more information on Non-FICO based programs, view thewebloan.com.
