Mortgage Basics
What Can Affect My 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.
Equal Housing Lender. Metrocities Mortgage, LLC, Massachusetts Mortgage Lender License #MC2011. This is not an offer for extension of credit or a commitment to lend. All calculations are approximations. All rates, fees, and programs are subject to change and/or withdrawals from the market without notice. Neither Keller Williams Realty nor its affiliated companies warrant any product or service delivered under this program. All products and services are provided by Metrocities Mortgage.