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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%

Oliver Orlicki

Mortgage Loan Originator Founder  //  NMLS #205123

Finding the right mortgage shouldn’t be a headache. As an independent mortgage broker, I work for you to secure the best loan options, competitive rates, and fast approvals. I don’t work for the bank.

With over 24 years of experience in mortgages and real estate, I know what it takes to get a deal done. Whether you’re a first-time homebuyer, self-employed borrower, investor, or realtor looking for a financing partner, I provide solutions tailored to your needs as well as next level communication and education throughout your mortgage journey.

My team and I serve FL, PA, NY, KY, IL, CO, and TN and work with a network of top lenders to give you more choices and better pricing.

(813) 302-1616info@orlickigroup.com
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