Credit Report

Your credit report is a summary of your credit history dating back to the very first time you applied for credit. Lenders of all types share your credit and payment information with credit reporting agencies. The data on your credit report includes current and past financial debts for up to the prior 7 years, and a record of debt payment history.

A lender uses the information from a credit report, together with other information you have provided, to decide whether to accept or deny your mortgage application. Lenders get credit reports from third party credit reporting agencies, like Equifax and TransUnion.

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About The Author

Don Scott

Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.

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Managing Uncertainty in Today’s Mortgage Market

By Don Scott • May 27, 2025

Feeling hesitant about entering the housing market today due to political or economic uncertainty is understandable. The landscape can seem unpredictable—interest rates shift, housing supply fluctuates, tariff news hits the headlines and policies change. As a mortgage broker, we see this uncertainty every day. But here’s the truth: while there is much beyond your control, mastering the factors that you can control is what will make the biggest difference in your journey to homeownership.