How Credit Score Affects Buying a Home?

In this video, I explain how mortgage credit scores are determined and why they matter when preparing to buy a home. 0:00 – Introduction to how credit scores are determined and why they matter when preparing to buy a home. 0:15 – Overview of the five major factors that make up how credit score is determined: 0:35 – How your payment history impacts your credit score. 1:35 – How outstanding debt and credit limits affect your score. 2:45 – The length of your credit history matters. 3:20 – Having different types of credit can impact your overall credit profile score. 3:50 – Applying for too much new credit in a short period of time can hurt your score, here is why. 4:39 – The FICO credit score scale is explained. 5:24 – How credit history is important & how helps lenders evaluate whether you are likely to repay future debt responsibly. 6:09 – The best ways to protect and improve your credit. 7:11 – Common credit mistakes to avoid. 7:20 - Wrap up. 7:30 – Contact information As a licensed loan officer with CrossCountry Mortgage with more than 25+ years of lending experience across PA, NJ, DE, and FL. Whether you’re a first-time buyer, a veteran using a VA loan, purchasing a second home in Florida, or exploring jumbo financing, I break down the process step-by-step. 📞 Contact Me: 215-681-3587 📩 Email: [email protected] 📝 Apply Online: https://linqapp.com/kevinberju Personal NMLS 137213, Branch NMLS1745975, Company NMLS3029,Equal Housing Opportunity, Nmlsconsumeraccess.org CrossCountry Mortgage, LLC does business in the State of New York as CrossCountry Financing. Licensed Mortgage Banker – NYS Department of Financial Services. CrossCountry Mortgage, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. All loans subject to underwriting approval. Certain restrictions apply. Call for details. Certificate of Eligibility required for VA loans.