Can Mowing Your Lawn Get You a Better Mortgage?

A trip to Lowes or Home Depot might be in your future if you’re looking to get a better mortgage. FICO has recently announced that they are teaming up with CoreLogic to create a new FICO score. Part of this new score will be based on non-credit factors and use citations for home related failures, like not mowing your lawn or leaving your garbage on the curb too long, to affect your credit score.

A trip to Lowes or Home Depot might be in your future if you’re looking to get a better mortgage. FICO has recently announced that they are teaming up with CoreLogic to create a new FICO score. Part of this new score will be based on non-credit factors and use citations for home related failures, like not mowing your lawn or leaving your garbage on the curb too long, to affect your credit score.

With this news just being released this week, it’s hard to say how much of an impact like lawn care can have on a credit score, but it is interesting that the people who are perceived as better home owners may have a more positive impact on this new credit rating.

A nice rundown of the details is available on Yahoo.com so click here to check out all the information.

In the meantime I’m going to check out some riding mowers…

 

Image courtesy of Flickr user stevendepolo

 

Husband. Father. Socializer. Mets Lifer. TV Afficianado. Consumer Engager.

David Marine is the Vice President of Brand Engagement for Coldwell Banker where he oversees the brand’s content strategy including acting as managing editor for the Coldwell Banker blog and heading up video production efforts. While Vice President by day, David runs a three ring circus at night as he is the father of 4 boys. He also happens to be married to Wonder Woman. True story.

1 Comment

  1. Notable News for August 24, 2012 | Team Gale Real Estate News
    August 24, 2012

    […] Apparently there are changes afoot in the mortgage industry and if you are the type to keep your grass short and trash off the curb, you could be in for a real treat! Check out this post from the national Coldwell Banker blog site on a recent announcement from FICO a… […]

    Reply

Leave a Reply

Protected with IP Blacklist CloudIP Blacklist Cloud

Here's to Family Rooms
Video of the Month: A Beach Beauty on Neptune