Definition: The term "Mortgage 670" refers to a loan that requires an excellent credit score to be eligible for. This is generally considered a high credit rating, often between 600-850 on the Credit Score from TransUnion or 630+ on the FICO scores. On the other hand, "Credit Score 670" refers to a loan that requires an excellent credit score, typically between 650 and 850. This type of credit is more favorable than a mortgage 670, but it may not be eligible for some types of loans, such as auto loans. The FICO (Financial Literacy Score) scale is a rating system that evaluates your creditworthiness based on information from your credit report and financial history. A lower score generally means better credit and more likely to qualify for certain types of financing.
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