Port St Lucie Mortgage Experts (772) 340-4003 - What Is a Residential Mortgage Credit Report?
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Mortgage Credit Report

What type of credit are mortgage lenders looking for?


mortgage credit report - mortgage credit score


Lenders prefer borrowers with low balances, a long history of on-time payments and a mix of credit utilization — for instance, a car loan and a couple of revolving accounts such as credit cards.


Lenders look at several variables on the credit report: outstanding debt; the outstanding debt relative to the total available debt; the length of the credit history; and the pursuit of new credit — how many inquiries are on your report.


How to clean up your credit?


Ideally, you’ll check your credit report a year or so before buying a home. That gives you time to correct errors in the report and change ways you use credit to improve your score.


Get credit reports from Equifax, Experian and TransUnion. Make sure you get reports from all three. The information they contain can vary. Scour everything from the way your name is spelled and previous addresses to checking that each and every account is yours and reported correctly. If an account has been closed, make sure that is accurately reported.


Correct and wait.


All three credit bureaus make it easy to dispute errors online.


If everything is correct, pay down balances and let time do the rest.


The credit reporting agencies do charge a fee if you want to know your credit score, lenders look at all three scores and use the middle one.


What else you can do?


If you’re buying a home soon, try not to apply for new credit. Though it’s not always avoidable, for instance, if you need a car loan or college financing, you should resist opening several new lines of credit in a short time. Multiple new accounts can decrease your credit score.


Discover the Secrets of Quickly & Legally Raising Your Credit Score!


Stop paying higher interest rates, and start reaping the benefits of a good credit score.


I’m sure you’ve heard that bad credit stays with you forever or that it takes years to clean up a bad credit history.


Don’t believe everything you hear!


Our Special Credit Rebuilding Program gives you “Insider Secrets” of improving your credit and dispels many credit improvement myths!


As you go through our FREE credit rebuilding program, you will learn the truth about how to restore your credit. Some of the questions we will answer include:


  • Is it even ethical to remove legitimate bad credit?
  • How exactly does credit rebuilding work?
  • Is credit rebuilding legal?
  • Will paying off all the bills return your credit to good standing and have that item deleted from your credit report?
  • Can bankruptcies, foreclosures, and tax liens ever be taken off your credit report? (The answer may surprise you)
  • and much more…


5 Quick Tips For Rebuilding Your Credit Report


Most of the major purchases we make through out our life will be affected by our credit scores, which will determine the prices we pay. Saving money and contributing to a comfortable retirement may be as easy as managing your credit wisely. Saving $33,000 on the average mortgage may be as simple as improving your credit score by 50 points.


It’s also likely that you’ll find yourself paying higher rates for car loans and other types of credit, so you could be looking at a rather large amount of money. Wouldn’t it be amazing if you could put all of that money in a retirement fund?


The following report will identify 5 quick and easy tips for rebuilding your credit.


To receive this special report and to be registered for our Free Email Credit Rebuilding Course, please complete the form below and your report will be rushed to you.

Get Instant Access To Our Credit Rebuilding Program NOW!


This program contains extremely valuable information designed to help you quickly and legally raise your credit score. Although some of the tips disclosed may not make me popular with the credit reporting agencies, I am more concerned that you know the truth about the credit scoring process and how to rebuild your credit.


To gain access to this program, simply fill out the fields below and I’ll send you your first lesson by e-mail.



More Information on credit reports and credit scores


Consumer Financial Protection Bureau
How do I get and keep a good credit score?

CALL NOW 772-340-4003

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