It's important to fully understand the mortgage loan process. Use the links below to learn more!

Credit Basics

What Can Affect Your Credit Score?

Your FICO score is a "snapshot" of your credit history at a given point in time and can change based on the factors that make up your credit score.

  • Late Payments - Pay your bills on time, and if you have missed a payment, get current.

  • Credit History - When you payoff a debt or collection, or close an account, the credit reference still remains on your credit report for a minimum of seven years.

  • High Balances - Keep outstanding balances low on credit cards and other "revolving" accounts.

  • New Credit - If you have been managing credit for a short time, don't open a lot of new accounts.