What credit gain does one necessitate within todays times for a mortgage?
Im 19years old and thinking about getting a condo, I found a few surrounded by my city that cost about 60K and I am willing to put down between 5-10K. Last time i checked my credit gain, it was about 670 and that be right before I got approved for a 1500 personal loan. Would i be capable of get a good rate for a mortgage? or would i even qualify for a mortgage?
Im looking for answers from culture experienced in this area. Thanks
Answers:
They be in motion by much more then your credit score, such as career history, most lenders like to see at least a steady 2 year work history, DTI ratio, your income etc. Your best bet would be to homily to a lender, the min score is 620 and with a conventional laon you will stipulation 20% down, with FHA you will need 3.5%
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Im looking for answers from culture experienced in this area. Thanks
Answers:
They be in motion by much more then your credit score, such as career history, most lenders like to see at least a steady 2 year work history, DTI ratio, your income etc. Your best bet would be to homily to a lender, the min score is 620 and with a conventional laon you will stipulation 20% down, with FHA you will need 3.5%
Traderclub
http://traderclub.info/
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