Where do you stand?
What can you do to Improve your Score?
Pay all bills on-time
Don’t apply for too many credit lines
Don’t max out credit cards – Keep a balance at or below 30% of available for all revolving credit
Hold on to your older credit lines – Even if not using them keep them active. They show available credit not being used which is a healthy habit
What makes up your Score?
35% – Payment History
30% – Amounts Owed
15% – Length of Credit History
10% – New Credit Inquiries
10% – Types of Credit
At Northeast Financial we have Mortgage Programs for borrowers will all types of credit so even if your credit is not perfect call us for a free consultation.
You will be glad you did!
capacity. Any actions you take regarding your personal finances are done at your discretion. These actions do not guarantee that you will become eligible for a
loan. This is not a commitment to lend or extend credit.