How Credit Scores are Calculated So You Know How to Improve Your Score

Friday, February 28, 2014

How Credit Scores are Calculated So You Know How to Improve Your Score

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Hello, today I'm going to be talking about credit scores and how they can affect your ability to get a good mortgage or not get one at all.

How to obtain a higher credit score:
We all know that the higher a credit score is, the better off you are. I recently spoke with one of my mortgage experts and she told me some interesting things about what constitutes a credit score.

About 35% of your credit score is calculated from your payment history and whether or not you were paying on time.
The amount that you owe versus the amount that is available makes up for 30% of your score.
The length of your credit history makes up 15% of your score.
Types of credit you have out will account for 10% of your total score.
New credit will make up another 10% of your score.

Credit scores can range from 300 to 850, but I have never seen any that low or that high. Typically, the best borrower is above 700, but this doesn't mean that you're ineligible for a loan if you are below this mark.
If you're having trouble obtaining a credit score that you're comfortable with, or want to improve your own score, then feel free to contact me and I would be glad to work something out. I can be reached at (203) 727-8621 or email me at Andy.Sachs@CBMoves.com

About Andy

As one of the Nation's top 1% performing real estate agents, my team and I pride ourselves on the results we generate for our clients. Having spent several successful years in corporate America in sales, marketing, new product development, licensing, branding and management I was able to successfully translate these skills into real estate sales. My background is fundamentally different than the average agent. I treat my clients and their homes with a personal touch while also understanding how to fully market and promote them.

Andy Sachs
The Around Town Team
Keller Williams

Newtown, Connecticut

203-727-8621
AndySachs@Kw.com
thearoundtownteam.com

Andy Sachs and The Around Town Team Testimonials

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Christine - “He strategically priced my house and that definitely exceeded my expectations."

Cathy - "I really like Andy because he does a good job, he’s thorough, and he’s too the point. He was successful in selling our home for about the asking price and he was willing to meet the contractor when we needed repairs since we were 2 and a half hours away. We had a good experience and I would highly recommend Andy to anyone that needs a Realtor!"

Joe - "We had really good results with Andy. He was very honest about what my house was worth and he was always involved. He kept me up-to-date with weekly emails about who was looking at my property and the statistics on how they were looking at it. I was never in the dark! He is one the best agents I’ve ever met!"

Ashley - "I couldn’t have asked for a better real estate agent. Andy is very knowledgeable in his field and he really helped us find our dream home. He was always willing to work around our schedule and the communication was always open. It was a delightful experience to have worked with the Around Town Team, they are one of the best!"

Mike - "Andy did anything I could have possibly wanted. He would met us when we needed him to meet us and he always made himself available to us. Andy really helped us through every step of the process, including all of the paperwork. He did a great job and I’d give his number to anyone!"

TJ - "It was pretty seamless form the time we started working with Andy, he really understood what we were looking for and was able to work within the budget we had in place. He was able to work around our schedule and he really looked out for our best interested. When we had our bid thrown out, Andy guided us through that process and was able to help us from a comparable home that still met our criteria. It was a really good decision that we listened to Andy’s advice."

Chris - "They were excellent! When we were selling, we listed it on a Monday and it was sold that Tuesday! When we were purchasing we were looking for foreclosures so he had to take me out multiple times to look at homes. We ended up looking at a lot of houses that we didn’t end up getting but it never deterred him, he just kept going and finding more for me to look at."

Kara - "I was able to sell my condo and purchase a new home, and it was seamless with Andy’s help. He was able to recommend people to me, like a lawyer or a mortgage broker. Whenever I called him, he answered right away. When we were closing on the new house, we had some issues with the seller, and he was immediately on the phone and alleviating that issue. He is a fabulous real estate agent to work with, and I would highly recommend him to anyone!"