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There are 3 Credit Reporting Companies (Experian, Equifax, and TransUnion)
and this is how they determine your Credit Scores.
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PAYMENT HISTORY
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35%
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OUTSTANDING DEBT
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30-35%
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CREDIT HISTORY
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10-15%
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INQUIRIES AND NEW ACCOUNTS
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10%
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TYPES OF CREDIT IN USE
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10%
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Your Credit Score directly affects your Approvability and Interest Rate for a loan.
The higher your Credit Score(s), the more money you save!
Here is an example of a 30 year fixed loan for $100,000.
CREDIT
SCORES
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INTEREST RATE
APR
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MONTHLY
PAYMENT
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INTEREST
PAID IN 1 YR
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720+
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6.000%
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599.55
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5,966.60
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700-719
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6.125%
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607.61
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6,091.70
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680-699
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6.375%
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623.87
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6,341.95
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620-679
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6.500%
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632.07
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6,467.08
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600-619
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6.875%
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656.93
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6,842.62
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500-599
NO SCORE?
NO PROBLEM!
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NO DOWN PAYMENT 100% LOANS AVAILABLE
DOWN PAYMENT ASSISTANCE AVAILABLE
JUST ASK!
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Did you know that you could potentially lower your credit score by closing a Credit
Card account or by paying off an old debt?! Credit Repair and debt consolidation services
charge anywhere from $300 to $3,000 to provide help...our mortgage partners can provide Credit Repair
services for our clients FREE!
Our mortgage partners have raised over 100+ points for clients in as little as 10 days. Allowing them to take advantage of
better interest rates resulting in thousands of dollars saved.
Ask us how!
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