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Why Your Credit Matters in 2019

Your credit score is one of the most important factors that are considered when you apply for a loan; it helps lenders decide the likelihood that you will repay your debt.

Credit Scores range from 300–850, the higher generally the better, and are based on a multitude of factors:

  • Your payment history

  • The amount of debt you owe

  • How long you've used credit and how you've managed it

  • How often you apply for new credit and take on new debt

  • The types of credit you currently use

Your credit score and accompanying credit report signifies your creditworthiness to lenders and the likelihood that you will repay your loan obligations, such as your mortgage. Watch the video below:

3 Tips to Improve Your Credit by Freddie Mac

Learning strong lifelong money management skills can help you feel confident about your financial health no matter what unanticipated obstacles arise.

If you have been thinking about buying your first home for a while now and are curious about how much close you are, visit us at to learn about our first-time home buyers’ mortgage, low interest rates and down payment assistance program.

Note, information in this post was derived from

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