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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%

Rami Daood

President/Founder + President's Club Broker  //  NMLS #1065919

Rami Daood, founder of RightWay Lending, is an award-winning loan originator who has been recognized as a top producer since 2013. Most recently in 2018 and 2019, Rami was ranked top 4 amongst thousands of loan originators for the biggest mortgage giant across the nation.

Our goal is to provide you with exceptional service during every step of your home refinancing or buying process. We make the American Dream of homeownership possible through sound, honest, reliable and professional mortgage planning of the highest caliber.

rami@callrightwaylending.com(586) 321-4759
Rami Daood Mortgage

Rami Daood

Rami Daood Mortgage

President/Founder + President's Club Broker  //  NMLS #1065919

Rami Daood, founder of RightWay Lending, is an award-winning loan originator who has been recognized as a top producer since 2013. Most recently in 2018 and 2019, Rami was ranked top 4 amongst thousands of loan originators for the biggest mortgage giant across the nation.

Our goal is to provide you with exceptional service during every step of your home refinancing or buying process. We make the American Dream of homeownership possible through sound, honest, reliable and professional mortgage planning of the highest caliber.

rami@callrightwaylending.com(586) 321-4759

Why work with us?

1

We shop

We work with you to create your perfect mortgage scenario and compare options from dozens of the country's top-rated lenders.

2

We quote

Our value-hunting software and expert loan officers find you the best combination of loan product, rate, fees, and service.

3

You SAVE!

Start saving right away with peace of mind of having the best mortgage possible for your unique scenario! We'll even periodically review your loan and reach out if we find we can save you more!

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