Understanding

your credit

What does your credit report say about you?

What does your credit say about you?

Not knowing what your credit report says about your finances may cost you more when trying to obtain a mortgage. Even those who pay everything on time might have an unaddressed credit issue that is hurting their credit! It is possible for incorrect information to be reported on your credit report, and it is important to identify any issues and correct them before you apply for a mortgage.

What makes up your credit report?

Your credit score is a numerical representation of your trustworthiness in paying back debt. Each bureau will present you with a credit score based on the data they have.

What is reported?

A few of the items reported on your credit may include:

  • Credit Cards
  • Department store cards
  • Gas cards
  • Bank cards
  • Airline cards
  • Installment Loans
  • Mortgage loans
  • Auto loans
  • Student loans
  •  Utilities
  • Rent (sometimes)
  • Collections or judgements
  • Bankruptcies

What does your credit history look like?

Credit history is a record of the health of each reporting credit line. Your credit score is created from the list below.

Payment History

35%

Time Existing

15%

Debt

30%

Account Variety

10%

New Credit

10%

Brian Mozley

Owner + Loan Officer  //  NMLS #196061

Brian Mozley was raised in Albuquerque, graduating from Manzano High School in 1999.  He went on to study business finance and economics at the University of New Mexico.  After working in sales for his father’s Albuquerque local business, Brian decided to venture into a field that put his finance degree to better use.  Brian loves helping people with their finances and views the mortgage industry as the perfect vehicle to do so.

Brian has been in the mortgage industry now for over 12 years and has extensive knowledge of what loan products are available, and how guidelines change in an ever-changing market.  Brian’s goal is to create great long-term relationships with his clients that go beyond a one time purchase or refinance of their home. He becomes involved by interacting closely with people and helping them to fulfill their dreams of being a homeowner. Brian’s heart is in his work which ensures our clients have a great experience. He believes that it is important to make sure that his clients are informed about how the mortgage process works whether purchasing a home or refinancing a home.  Brian is excited about the direction the housing market is going and believes that the appropriate steps have been taken in the industry to make sure that previous mistakes in the market are not repeated.

Brian is actively involved in his local church, helping with the worship team and youth group.  His faith is in the Lord Jesus, and he is thankful for God’s grace in his life.

brian@fmshome.com(505) 363-1580Apply Now
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