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.
Understanding your credit
What does your credit report say about you?
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.
The Wells Group
IT'S NOT JUST A HOUSE; IT'S YOUR HOME.
Our team is rated among the best in the nation for a good reason: service, excellence, and dedication to our clients. With over thirty-one years and a wide range of experience in the mortgage industry, our dedicated team stands ready to assist you each step of the way. We understand that it’s not just a house; it’s your home! It is not just a loan; it is an investment in your future! Our mission is to guide you through the entire home loan process so that you feel confident as you make choices about the options available for your financing strategy.
The Wells Group Advantage
Faster approvals
Pre-approval in 24 hours so you can move with confidence.
Tailored loan options
We compare multiple programs to secure the right rate for your unique goals.
Deep experience
Decades of combined expertise across every loan type.
Dedicated advisor
One specialist guides you from application to keys.
Full transparency
No hidden fees. Real-time status updates throughout.
Simple online app
Apply in minutes from any device. Upload on your schedule.
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