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. CalMetro Mortgage Services is a division of Metrocities
Mortgage, LLC, 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403,
a Delaware limited liability company licensed by the California Department
of Corporations under the California Residential Mortgage Lending Act.
Restrictions may apply, ask
for details. 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.