Sentences with phrase «older loan payment histories»

Not exact matches

B.) Payment History — Current mortgage must be 0x30 in the last 12 months or for the life of the loan if loan is < 12 months old and > 6 months old.)

For now, mortgage lenders are sticking with the older FICO versions that primarily track payment history for previous or current loans and credit card accounts.

Employment History - Before you apply for credit, it's very important to update and remove old employment history on your credit report, to ensure the best interest rate for your loan; also you will save money on your monthly pHistory - Before you apply for credit, it's very important to update and remove old employment history on your credit report, to ensure the best interest rate for your loan; also you will save money on your monthly phistory on your credit report, to ensure the best interest rate for your loan; also you will save money on your monthly payment.

It comes down to how the model uses the payment history from the old loan versus the relatively new payment history from the new loan.