Not knowing what your credit report says about your finances may cost you more when trying to obtain a mortgage. Even those who pay everything on time might have an unaddressed credit issue that is hurting their credit! It is possible for incorrect information to be reported on your credit report, and it is important to identify any issues and correct them before you apply for a mortgage.
What does your credit say about you?
What makes up your credit report?
Your credit score is a numerical representation of your trustworthiness in paying back debt. Each bureau will present you with a credit score based on the data they have.
What is reported?
A few of the items reported on your credit may include:
- Credit Cards
- Department store cards
- Gas cards
- Bank cards
- Airline cards
- Installment Loans
- Mortgage loans
- Auto loans
- Student loans
- Rent (sometimes)
- Collections or judgements
What does your credit history look like?
Credit history is a record of the health of each reporting credit line. Your credit score is created from the list below.
Mortgage Loan Officer // NMLS #1524787
Your home is likely the largest purchase you will make, so it’s important to work with someone you can trust! As a licensed loan originator, I take great pride in helping you through the home mortgage process for purchasing a new home or refinancing an existing property. I take the time to understand what’s most important to you and to ensure your questions are answered. Whether you want the lowest possible interest rate, a more elaborate financing arrangement, or just need sound advice, I’m here to help find the right loan for you. I enjoy working with experienced and first-time homebuyers and specialize in Conventional, FHA, VA, USDA and Jumbo loans.