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.

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%

Molly Dean

Mortgage Banker  //  NMLS #259721

Molly Dean began her career as a mortgage banker in 2003, shortly after graduating from the University of Kansas. When Molly began her career in mortgage banking, she started in the nonprime market; learning a more out of the box approach at viewing a mortgage application. Through her long career, Molly has never stopped learning. Her knowledge of products and programs allows her the ability to help her borrowers find the program that best matches their individual needs.

Molly understands that when shopping for a mortgage professional, you need an individual and a team with whom you can rely. Molly’s goal is to help you in a fast, friendly, and easy to understand manner. She uses her years of experience and education, to ensure that all of your financial and mortgage needs are successfully met. Molly’s passion is to help her clients achieve the goal of homeownership.

Molly Dean and her team have a combined experience of 50+ years. Molly and her team work endlessly to make the purchase of a home as smooth as possible from start to finish. Molly and her team specialize in Conventional, FHA, VA, USDA, 203K, and Reverse loans.

mollydean@leader1.com(913) 710-6445
GoogleFacebookExperience.comApply Now