Q: Are credit scores provided to consumers calculated the same as credit scores provided to mortgage lenders?
The lender's statement, while confusing, is generally true. Your FICO score (actually there are 3) is typically going to be the closest thing to what your mortgage lender is seeing. You can find more information by visiting MyFICO.com. We also have free credit score offers.
If you need some guidance on what is considered a good credit score, please consult our recent featured article on this topic Risk, Not Law, Cause for Rising Credit Card Rate."
Have you shopped around much? ShopRate.com is a good place to shop for the best mortgage rates. Also, remember that fees/points are negotiable!