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%

Miguel Terrazas

Mortgage Planner/Planificador Hipotecario  //  NMLS #227518

mterrazas@mtlfs.net(909) 599-1555Apply Now
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A lot of people think I’m in the business of doing loans. I really don’t look at it that way. I’m helping you create, perhaps, the largest debt in your life, and therefore, I have a professional responsibility to help you manage that debt. I see my primary role as helping my clients integrate the mortgage loan they select into their overall long and short-term financial and investment goals, as well as helping them meet their payment and equity objectives.

With over 30 years in the mortgage industry, my mission is to help my clients beyond a single transaction. The ultimate goal is to create and maintain clients for life!

Mucha gente cree que estoy en el negocio de hacer préstamos. Realmente, yo no lo percibo de esa manera. Te estoy ayudando a crear, quizás, la deuda mas grande de tu vida y, por tanto, tengo la responsabilidad profesional de ayudarte a manejar dicha deuda. Yo veo mi rol, primariamente, como el acto de asistir a mis clientes en su situación financiera general y de objetivos de inversión, tanto de corto como de largo plazo, al integrar los préstamos hipotecarios seleccionados por ellos, así como también, al asistirles en el cumplimiento de sus pagos y de sus objetivos de capital. 

Con más de 30 años en la industria hipotecaria, mi misión es ayudar a mis clientes más allá de una única transacción. ¡El objetivo último es crear y mantener clientes para toda la vida!