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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%
Allison Larson Mortgage

Allison Larson

Loan Officer  //  NMLS #1059283

Buying a home is one of the biggest financial decisions you’ll make.  Finding the right mortgage advisor to guide you through this process is even more financially valuable than negotiating the best rate.  By creating an environment where people feel comfortable asking questions and expressing their housing goals, I’m able to customize my methods to each unique individual. My expertise is in meeting you where you are and getting you to where you want to be with homeownership.

A key to success in the housing market is having a lender and realtor that work closely together to get you to the closing table on the home of your dreams.  I have a streamlined process for communicating and strategizing with my clients’ realtors so that everyone is up to date on the homeownership goals and loan process.   I believe fostering current relationships, while continuously extending a hand to new affiliations is what keeps my professional life successful and exciting.

In addition, I consistently offer the lowest rates and fees, because I am a direct lender.   I will invest the time required to find the best strategy for you and your family- whether it be a refinance on your current home or the purchase of a new property.  I am always ready and able to provide straightforward guidance on all of your mortgage needs.

alarson@guildmortgage.net(651) 280-0856
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Allison Larson Mortgage

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