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 devoted to his beautiful wife Joyce, and dedicated to his three amazing kids; Aleah, Elliot, and Ryland. He loves people and prides himself on being a true mortgage industry professional. Steve and his team strive to provide the very best experience possible when his clients are getting a new mortgage. Included in that is ongoing communication with all the parties involved and making sure to ALWAYS close their mortgage on time. He continues to “stay connected” with his clients long after the closing by providing mortgage related advice and strategies whenever the need arises. Steve’s hobbies include snowboarding, traveling, and karaoke (he’s a legend in his own mind) every chance he can.

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