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.
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Rinconada Mortgage is a division of Metrocities Mortgage, LLC, a Delaware limited liability company licensed by the California Department of Corporations under CRMLA. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.