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.
Misty Dawn Stoddart
Branch Manager // NMLS #290023
Here at Loans by Misty, we have successfully funded over a billion dollars in residential mortgage loans of all types! We use our “outside of the box” thinking to help more clients than our competition!
We assist everyone ranging from first-time homebuyers, our Veterans, the more complex self-employed clients, and everyone in between. We make our clients’ loan experience stress-free and as simple as possible.
We have a true passion for exceeding expectations and getting the job done WELL! I have a true heart for philanthropy supporting many local charities, I love my “board” meetings on my paddleboard or snowboard, and I am an active mother of two great kids!