Five Factors that Decide Your Credit Score

Scores range between 200 and 800. Scores above 620 are considered desirable for obtaining a mortgage. These factors will affect your score.

Your Payment History. Whether you paid credit card obligations on time

How Much You Owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.

The Length of Your Credit History. In general the longer the better.

How Much New Credit You Have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay promptly.

The Types of Credit You Use. Generally, it’s desirable to have more than one type of credit—installment loans, credit cards, and a mortgage, for example.

For more on evaluating and understanding your credit score, go to http://www.myfico.com/?lpid=NARI3.

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright / All rights reserved.

Click here for printer-friendly format

Contact Us

By choosing David and Danielle Contreras at SanJoseHighRises.com as your trusted real estate partners, you gain exclusive access to our extensive portfolio of high-rise properties in the Silicon Valley. Our meticulously curated selection of listings by complexes and areas, are all featured prominently on our website. With our finger on the pulse of the Silicon Valley real estate market for the last 18 years, we possess the insider knowledge required to identify hidden gems, pre-market listings and navigate market trends. Want to be part of the coming soon club?

We understand that purchasing a home is a significant investment, both financially and emotionally. That's why our team of seasoned professionals are dedicated to providing you with unparalleled customer service and support. From the moment we make contact, we will take the time to attentively listen to your unique living situation and help with your best path to home ownership. When working with us we will diligently research properties that align with your preferences, and guide you through each step of the buying process. With our expertise and personalized approach, we are committed to exceeding your expectations and ensuring your satisfaction. Make the informed choice and contact us today to embark on your journey towards finding the perfect home in this vibrant Area Of The Bay.

* Required