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 does your credit say about you?
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
- Â 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.
Ray Waisler
Branch Manager/Sr. Mortgage Planner // NMLS #6621
Ray has been a loan originator for over 20 years and takes great pride in helping clients finance their dream home or refinance their existing property to enhance their lifestyle. He believes it’s essential that his clients fully understand every aspect of the lending process and feel comfortable and confident throughout the journey.
Because buying or refinancing a home typically involves a significant financial investment, Ray prioritizes transparency and trust, ensuring clients know he’s acting in their best interest every step of the way.
He stays current with financial trends and market indicators that impact the mortgage industry, and he’s committed to matching each client with the loan program that best fits their individual needs. Above all, Ray is known for being accessible, responsive, and dedicated to supporting his clients’ unique situations.
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