mikesmith
New Member
Cash: $ 1.45
Posts: 6
Joined: 06 Oct 2005
Location: New England
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What factors besides FICO score do banks look at when trying to get a morgage? Thanks.
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Thu Oct 20, 2005 6:25 am |
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Andrew
Admin
Cash: $ 467.10
Posts: 1717
Joined: 02 Nov 2003
Location: Texas
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Income, debt load, additional debt load of mortgage, etc...
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Thu Oct 20, 2005 7:08 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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quote:
Originally posted by Andrew
Income, debt load, additional debt load of mortgage, etc...
These determine how much you can borrow (look for "28/36 rule").
FICO determines your interest rate.
"Expect me when you see me."
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Thu Oct 20, 2005 11:46 pm |
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