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Understanding

your credit

What does your credit report say about you?

What does your credit say about you?

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.

Mortgage Home Loans

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
  •  Utilities
  • Rent (sometimes)
  • Collections or judgements
  • Bankruptcies

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.

Payment History

35%

Time Existing

15%

Debt

30%

Account Variety

10%

New Credit

10%

Steve Berger

Loan Officer  //  NMLS #109887  //  CalBRE #01339230

Steve Berger is the broker-owner of Coastal Capital Funding with offices located in Newport Beach, California, and Henderson, Nevada and is licensed to conduct mortgage lending in 9 states. He is devoted to his beautiful wife Joyce of 8 years, and dedicated to his three amazing kids; Aleah, Elliot, and Ryland; along with the newest addition to his family – “Romeo” his bernadoodle puppy. He loves people and has been a true mortgage industry professional for coming up on 20 years and says he’s never retiring. Steve and his team strive to provide the very best possible mortgage lending experience when his clients are getting a new mortgage which is evidenced by over 300 five-star reviews on all of his social media platforms. He works with some of the best banks and prides himself on great communication with all parties involved throughout the entire loan process. He continues to “stay connected” with his clients long after the closing by providing mortgage-related advice and strategy sessions whenever the need arises. Steve’s passions include snowboarding, traveling, going to concerts, and karaoke, as he says he’s a legend in his own mind.

Steve@GoCoastalCapital.com(949) 660-8000 x 101
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Steve Berger Coastal Capital Funding

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