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Testimonials

DJ was extremely helpful to me throughout the whole process. I am very satisfied with his handling of my home purchase and even though I live in a different time zone, he made himself available to answer or handle any questions I had. Charlene P.
Super professional, knowledgeable and stand up guy! DJ answered all of our questions throughout the process and we would highly recommend him to anyone selling their home! Tracy S.
DJ was absolutely amazing to work with. His experience and knowledge of Colorado real Estate was second to none. He made buying a house easy and fun, we are so thankful we found him. Chris & Tana W.
DJ is an exceptional agent! He worked with me and always offered great advice to my benefit. As a first time buyer I was a bit scared but DJ eased that tension and did his magic and got me my house! I will most definitely recommend DJ to everyone I know!!! Thank you Redfin and DJ for making this experience great! Carlos Z.
I was a first time home buyer and my experience buying with DJ was flawless. The process from start to finish was easy and stress-free. DJ has great knowledge of the market in the Denver-Metro area, including Highlands Ranch. He will go above and beyond and will make it seem like you're the only client he has. I can't express how grateful I am to have had an amazing experience in the buying process and would highly suggest using DJ to buy or sell your house. Ciara H.
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FICO® Score - a Brief Explanation

When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that they seem to be more interested in your FICO® score.

“What’s a FICO® score?” is a common reaction.

Each time your credit report is pulled, it is run through a computer program with a built-in scorecard. Points are awarded or deducted based on certain items such as how long you have had credit cards, whether you make your payments on time, if your credit balances are near maximum, and assorted other variables. When the credit report prints in your lender’s office, the total score is displayed. Your score can be anywhere between the high 300’s and the low 850’s.

Lenders wanted to determine if there was any relationship between these credit scores and whether borrowers made their payments on time, so they did a study. The study showed that borrowers with scores above 680 almost always made their payments on time. Borrowers with scores below 600 seemed fairly certain to develop problems.

As a result, credit scoring became a more important factor in approving mortgage loans. Credit scores also made it easier to develop artificial intelligence computer programs that could make a “yes” decision for loans that should obviously be approved. Nowadays, a computer and not a person may have actually approved your mortgage.

In short, lower credit scores require a more thorough review than higher scores. Often, mortgage lenders will not even consider a score below 600.

Some of the things that affect your FICO score are:

  • Delinquencies
  • Too many accounts opened within the last twelve months
  • Short credit history
  • Balances on revolving credit are near the maximum limits
  • Public records, such as tax liens, judgments, or bankruptcies
  • No recent credit card balances
  • Too many recent credit inquiries
  • Too few revolving accounts
  • Too many revolving accounts

FICO® actually stands for Fair Isaac and Company, which is the company used by the Experian (formerly TRW) credit bureau to calculate credit scores. Trans-Union and Equifax are two other credit bureaus who also provide credit scores.

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