Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation
A lot of people always ask me how their credit score is calculated, so today I'm going to briefly explain it.
About 30% of your score comes from your available credit, 10% of the score is based on the number of inquiries for your credit, 10% is the type of credit you have, 35% is based on your payment history, and 15% of your score is the length of history with your credit.
As you can see, the majority of your score is based off your payment history and your current credit, so focus on improving those areas before anything else. It's extremely important to have a good credit score in our local market, especially when it heats up.
As a buyer, you need to do everything possible to stand out to a seller, and having a great credit score will give you a competitive advantage over other buyers.
If you have questions or want more information on how you can improve your credit score, please don't hesitate to contact me!
I look forward to hearing from you!
