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%

Roland & Linda Wilcox

Loan Officers  //  Sierra Capital Mortgage Co

Since 1996, Sierra Capital Mortgage has provided clients throughout California the best possible financing solutions by leveraging our experience and extensive network of lending partners. We are committed to providing our clients expert advice, extremely competitive interest rates, and exceptional customer service.  We offer a full portfolio of mortgage products including Conventional, Jumbo, and FHA / VA loans. Our business is by referral from past and current clients, experienced real estate agents, and trusted financial advisors.

With over 40 years of experience and thousands of happy clients throughout California, we look forward to serving you.

info@sierracapmortgage.com(626) 449-8545
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