Hi {first_name},

I wanted to follow up with you regarding the email that I previously sent you about 5 critical things you need to know and do after you are pre-qualified to purchase a home.

In this email, I want to go over more about your credit report.

There are many aspects of your credit report that are important, but there are a handful of things that can have an immediate negative impact on your credit score. Your credit score is result of a multiple of factors and opening a new account affects one heavily weighted factor. Approximately 30% of what goes into determining your credit score is how much debt you owe as compared to how much available credit you have. For example, if you have a credit card with a $1,000 maximum credit line and you owe $600, your credit usage is 60% which will negatively affect your credit as compared a situation in which you owe $300 on the same credit card.

Reminder: Don't Open Any Accounts

Don’t apply for or open any new accounts. If you apply for a new account, it will affect your credit score and the credit company will alert us of a new debt. Your credit scores will drop immediately following opening a new account. Furthermore, if you open a new credit card or installment loan and use it for a new purchase, the payment will be counted against you. We recommend that you consult us prior to making any financial changes.

Thank you, and please feel free to contact me with any questions.