Things that can affect your credit score

Credit scores range between 300 and 850. But scores above 620 are considered desirable for obtaining a mortgage. There are programs available with lower credit scores, but over 620 will allow you to obtain a conventional loan. The following will affect your score:

  1. ) Your Payment History-Making your payments on time is crucial to having a good credit score. Bankruptcy filing, liens, and collection activity also affect your history.
  2. How much you owe-If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. Keep your credit debt utilization to under 20% of your credit limit on each card.
  3. The length of your credit history-In general, the longer an account has been open, the more It helps your credit score.
  4. How much credit you have- New credit, whether in the form of installment plans or new credit cards, is considered more risky— even if you pay down the debt promptly.

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About Me

About Me

Hi I'm Monica! I'm a Real Estate professional in love with houses, especially vintage houses. I'm obsessed with decorating and rehabbing and helping my clients create their dream home with inexpensive updates. I also love helping sellers get top dollar for their property by taking the dated out of their home and staging in a modern simplistic way. I enjoy coffee and thrift store shopping to look for items to repurpose and use in house. And of course anything vintage, I’m a bit of a June Cleaver. I’m a wife and a mom of almost teenage twins that I homeschool. I am currently a Real Estate & Mortgage professional in San Antonio, TX & Los Angeles, CA. I also help educate all over the country about the home buying process and have a team of people that i work with to help you reach your goals. We moved to SATX from SOCAL in 2018 to simplify our life. I love it here and have helped several people relocate. Read More

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