Understanding Your Credit

What does your credit report say about you?

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What does your credit say about you?

Not knowing what your credit report says about your finances may cost you more when trying to obtain a mortgage. Even those who pay everything on time might have an unaddressed credit issue that is hurting their credit! It is possible for incorrect information to be reported on your credit report, and it is important to identify any issues and correct them before you apply for a mortgage.

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What makes up your credit report?

Your credit score is a numerical representation of your trustworthiness in paying back debt. Each bureau will present you with a credit score based on the data they have.

What is reported?

A few of the items reported on your credit may include:

  • Credit Cards
  • Department store cards
  • Gas cards
  • Bank cards
  • Airline cards
  • Installment Loans
  • Mortgage loans
  • Auto loans
  • Student loans
  •  Utilities
  • Rent (sometimes)
  • Collections or judgements
  • Bankruptcies

What does your credit history look like?

Credit history is a record of the health of each reporting credit line. Your credit score is created from the list below.

Payment History

35%

Time Existing

15%

Debt

30%

Account Variety

10%

New Credit

10%

Peter Magana

Loan Officer  /  Real Estate Professional
NMLS #360514  //  Corporate DRE #0203944 Reppezent Inc. // Brokers DRE 01212473

petermagana25@gmail.comOffice: (800) 215-4819Cell: (213) 842-6847

Real estate professional, entrepreneur, and executive leader with more than 40 years of experience in real estate sales, investments, lending, business development, and operations. Founder and owner of multiple companies, with a proven record of launching businesses, growing sales organizations, negotiating complex transactions, and managing real estate ventures across California, Texas, Arizona, and El Salvador.

Reppezent Inc. | Founder/CEO | 2016 to Present

RiskNoMore.com, Inc. | Chief Executive Officer & President | 2007 to 2010
Founded and led team of construction to Flip Homes, Directed daily operations across of negotiations and management, sales, marketing, legal, governance, and media relations while overseeing the management and sale of company-owned foreclosed properties.

DBC Global Founder/CEO Real Estate RWA Tokenization El Salvador 2022 to Present

Ayden Holdings, Inc. | Chief Executive Officer & President | 2001 to 2010
Managed day-to-day operations for an investment and development company focused on acquiring, renovating, and reselling properties. Negotiated property purchases, supported profitable resale strategies, and oversaw the construction division responsible for rehabilitation and sale preparation, as well as sales and processing teams.

Windsor Real Estate Services, Inc. | President & Executive Managing Partner | 1994 to 2010
Joined the real estate sales and loan brokerage company as a mortgage loan processor and advanced into executive leadership. Led expansion from one office to three locations, helped launch the company’s real estate sales unit, and managed day-to-day activities for sales, loan processing, and escrow closing departments.

Good News Financial | Sales Agent | 1990 to 1994
Marketed real estate loan products to first-time homebuyers and refinancing clients throughout the greater San Gabriel Valley and eastern Los Angeles County. Supported retail loan production and home sales service activities.

Ameron International | Supervisor and Senior Lab Specialist | 1980 to 2002
Built a 22-year career with a global paint and chemical manufacturing company, advancing from an entry-level position to a senior role within the Research and Development Division.

Real Estate Courses and Seminars

  • Principles of Real Estate
  • Residential Construction
  • Appraisal 1
  • Real Estate Finance
  • Real Estate Practice
  • Real Estate Law
  • Escrow, Title, and Contracts
  • HUD/FHA Guidelines
  • Los Angeles Society of Coatings Technology

  • California Licensed Broker
  • Lending

  • Best-selling author recognized by The Wall Street Journal and USA Today
  • Knighted in 2022 as Sir Peter Magana
  • Founder of a nonprofit 501(c)(3) organization
  • One Legacy Ambassador
  • California Licensed Broker
  • Featured in the documentary Beyond Optimal Living
  • Beyondoptimalliving.com

Professional affiliations and community involvement include Stay Connected Network Group O/C, Orange County Hispanic Chamber of Commerce, National Association of Realtors, NAHREP Orange County, MLS memberships, One Legacy Ambassador, Keck Medicine of USC Support Group, and Knight of the Royal Order Principality of Cappadocia.

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