When we talk about credit, we are essentially talking about money. To discuss money is similar to discussing politics and religion, all three can elicit strong feelings!

Your credit score is a number that lenders use to gauge how likely it is that you will be able to repay your debts on time. As an informed consumer, you can make yourself more appealing to lenders by taking steps to boost your credit score. 




Your FICO® Score:

The FICO® Score (an acronym for its creators, the Fair Isaac Corporation) is a standard measure that lenders use to assess a consumer's credit risk. According to, 90% of the top lenders use FICO scores when making lending decisions. A typical credit score will range between 300 and 850 points. Although all lenders make decisions based on the particulars of the lending situation, generally speaking, the higher your credit score, the lower the perceived risk to the lender, the more attractive the interest rate you may be offered, and the more money you may save over time.


Key Factors:

The three major credit reporting agencies - Equifax, Experian, and TransUnion - compile credit scores based on information provided by your creditors. These agencies generate credit scores using a proprietary formula that assigns weightings to the following five main factors:

    • Payment history (whether you have missed or been late with any credit payments). On-time payments are an important component of your credit score. Using your credit responsibly and paying bills on time are great ways to maintain a good credit score.

    • Credit utilization is defined as the total debt you have divided by the total available credit that is available to you. High credit utilization can be a warning sign of credit risk.

    • Length of credit history (how long various accounts have been open). Credit history is a significant component of your credit score. Accordingly, the average age of your credit cards can be a strong indication of your credit history. Care should be used in keeping old accounts open and in good standing.

    • The amount of new credit on your record. While opening one new credit card might be normal, opening several in a short span of time could be a warning sign to potential creditors that something is amiss in your financial life.

    • Mix of credit accounts is the total number of credit accounts you that you have in combination with the mix of types of credit that you have will affect your credit score. A healthy mix of revolving credit cards, charge cards, installment loans and mortgages will also impact your credit score.


What's in a Score?

The following percentages in the below reflect how important each of the five main categories is in determining how your FICO score is calculated:

    •    Payment History - 35%

    •    Amounts Owed - 30%

    •    Length of Credit History -15%

    •    New Credit -10%

    •    Types of Credit Used -10%




Are you a
hover here

Mortgage Needs List:

You will need to provide the following documentation for the borrower AND co-borrower to help us expedite the processing of your loan:


  • Copies of your most current year-to-date paycheck stubs for most recent full month

  • Copies of your past two year’s W-2s.Copies of the past two years’ FEDERAL tax returns. Note: Please do not send State returns 

  • Copies of your last two monthly statements for each of your financial asset accounts including checking, savings, investment, stocks, bonds, mutual funds, IRA, and 401K accounts 

  • Copies should include the name of the financial institutions, addresses, account numbers, and current balances. All pages of each statement must be included (fronts, backs, and even blank pages that are included in such statements) 

  • Copy of your driver’s license and Social Security card

  • Copy of the purchase contract with all counter offers, and addendums. Please also provide the names and phones numbers of agents if possible 

First Time Buyers!


                                            Debra Markovich

                                                        (858) 245-4290




                                                                              NMLS: 241969   CA BRE:01358613  





This is not a commitment to lend. Restrictions apply as to LTV and credit score. Rates and terms are subject to change without notice. Terms based on loan program guidelines and APR. The credit may not be extended if we find that you do not meet the criteria used to select you for this offer. The products displayed are based upon customers who have not been late on any other mortgage payments, been discharged in bankruptcy or have been subject to foreclosure. APR based on specific loan amount posted. Program savings available upon confirmed qualifications. National Mortgage Licensing System #236669. Arbor Financial Group License #0185041. Call for details.