Hey {first_name},

Do you know what your credit score is today? Do you understand how it’s calculated?

Don’t worry, most people don’t. If you’ve been thinking about buying a home, now is the

time to learn more about your current score, and how to improve it so you can qualify for

the best possible interest rate and costs.

Credit Scores

Credit is reported by companies who loan you money. Car loans, credit card companies,

leasing companies and others report to the credit bureaus how much you owe, whether you

pay on time and how much you currently owe.

There are 3 credit bureaus and each one will provide a credit score and they vary slightly

based on who sends them data and how they create their score, but each uses basically the

same formula.

Your credit score is comprised of:

35% Payment History – Do you pay on time?
30% Amount Owed – How much have you borrowed?
15% Length of History – How long have you been paying on time and manage credit wisely?
10% New Credit – Careful here! New credit should be carefully acquired. A lot of new credit lines could cause a question.
10% Type of Credit – Different types of credit weight differently. For instance, an installment loan, such as a car loan, shows consistent payment history vs minimum payments on a credit card.

Credit scores might seem confusing, but I can help!

Let me help you understand your current credit score and if necessary, how to make a few

adjustments to make it even better.

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