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%

Wes Oliver

Loan Officer  //  NMLS #3571

Are you looking for a reputable and reliable mortgage professional? Look no further!

My name is Wes Oliver and I am here to be your mortgage and real estate resource. I specialize in purchase loans, FHA, USDA, Conventional and VA loans for veterans and active servicemen and high end condo purchase loans. Whether you’re looking to buy your first home, purchase a new vacation home, secure a property investment, or restructure your mortgage, my team and I have the experience, expertise, and personal touch to bring it all together.

As the owner and operator of Prestige Home Mortgage LLC for the past 13+ years I have vast experience in virtually any facet of the mortgage business.
My team and I make it our mission to help our clients understand their full range of options before they sign. My reviews speak for themselves!
Take a read through them and I think you will see the one constant is our ability to get the job done each and every time and the passion we have of truly helping people. With the ability to shop over 20 wholesale lenders to best suit your unique situation, we will get the job done at a VERY competitive rate. Give us a call, text or head over to our website to start the application process to find out yourself!

We are proud to offer the following services: – Conventional, FHA , USDA, and VA Renovation Loans Jumbo financing, Warrantable and non-warrantable condo financing

oliverteam@prestigehomemortgage.com(508) 332-4171
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Wes Oliver Mortgage