FICO – Fair ISAAC & Company – is leading credit reporting agency that lenders turn to when it comes time to credit scoring your home loan mortgage application; so if you do have bad credit history, these guys will know.

The formula used by FICO cannot be disclosed because of a decision made by U.S. Congress. There are some things generally known about FICO which that could help you understand why and how you can get approved:

1. The higher your FICO score, better chance you have of getting that home mortgage loan. Also, higher your score, more room you have to negotiate a lower interest rate.

2. If you have a FICO score lower than 500, there is very little chance you’ll be getting a mortgage home loan.

That said, if you have a score of:

500 – 600 you should be able to get a home mortgage loan, provided you are willing to make a down payment.

600 – 640 You should get a 100% home loan financing. Thats right, with no money down.

Everyone needs something to do. When we retire far too many of us lose our will to keep striving. All of us, need to feel needed, we need to feel like we are doing something worthwhile. For women, this is often simply continuation of home life and domestic tranquility that made up most of their lives.

Men on other hand live their lives with a goal. We work for fifty or more years striving to bring home bacon. Having a goal in front of us is necessary for our psyche. Many men simply die after retiring because they have nothing to do.

Having a boat gives a man something to do. Keeping it in good repair, learning skills needed to keep it sailing smoothly and keeping track of finances including things like boat insurance keeps them sharp.