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Credit Check-Up

Is just thinking about your credit making you sick?


If you’re thinking about buying a home, you need to be aware of your credit score – one of the most important factors when qualifying for a loan. Generally speaking, a higher score can mean a better chance of getting approved for a loan and securing a lower interest rate.

Our Credit Check-Up is an opportunity to have your tri-merged credit score pulled free of charge by a mortgage professional. Just bring your photo ID. No workshop, no presentation, simply come to the event, input your information, talk to a loan officer and learn your credit ranking. It's as simple as 1 2 3.

Credit Report

What’s on you credit report?  Your credit report is a record of money you've borrowed, your history of paying it back and how much open credit is available to you. Lenders rely heavily on the information in your credit report as it signifies your creditworthiness and the likelihood that you'll repay your mortgage.

The following appears on your credit report: 

  • A list of debts and a history of how you've paid them, including credit cards, car loans and student loans.
  • Any bills referred to a collection agency, such as utility or medical bills that you did not pay or paid significantly late.
  • Public-record information, such as tax liens and bankruptcies that may be linked to you.
  • Inquiries made about your creditworthiness, showing how many inquiries were made about your credit and if you were given credit based on the inquiry.

Credit Score

Your credit score helps lenders decide how likely you are to repay your debts and plays a significant role when securing a mortgage. Scores range from 300 – 850 points and are based on:

  • Your payment history and ability to repay your debts on time. Late payments will lower your credit score.
  • The amount of total debt you owe, including credit cards, student loans and car loans. If your credit cards are at their limits, this can lower your credit score - even if the amount you owe isn't large.
  • How long you've used credit and how you’ve managed it. If you show a pattern of managing your credit wisely, keeping credit card balances low and paying your bills on time, your credit score will be positively affected.
  • How often you apply for new credit and take on new debt. If you've applied for several credit cards at the same time, your credit score can go down.
  • The types of credit you currently use, including credit cards, retail accounts, installment loans, finance company accounts and mortgages. 

Generally, the higher your credit score the more options will be available to you, including a lower interest rate.

If you are using Credit Karma, Credit Sesame, Credit.com or Fico.Com or any other credit monitoring service and think you know your credit score you are DEAD WRONG

  • Find out your Credit Score
  • Get FREE Credit Coaching
  • Register for our Rent to Home program
  • You may qualify for Homebuying Grants for Down Payment Assistance
  • Up to $18,000.00 May Be Available to Buy Your First Home

Don't know your credit score?  Them come find out at one of our Credit Check-Ups. Get help from the professionals. To register for a Credit Check-up Workshop click here.

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Margeau Gilbert
Exit Right Realty
8730-16 Cherry Lane
Laurel, MD 20707
Direct: 240-462-1955
Office: 301-362-4500

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Margeau Gilbert | 240-462-1955 | Contact Me
Exit Right Realty - 8730-16 Cherry Lane - Laurel, MD 20707
Office: 301-362-4500
Copyright © 2018, All Rights Reserved

Equal Housing OpportunityMLS membershipREALTORĀ® certificationWCR - Womans Council of RealtorsAt Home With DiversityAccredited Home Staging SpecialistCertified Distressed Property Expert