If you have
a pretty good credit history, a manageable level of recurring debt, steady income, and a down payment of 3 % or more — you might meet the minimum qualification requirements for a 30 - year fixed - rate mortgage loan.
If you have
a pretty good credit history, a manageable level of recurring debt, steady income, and a down payment of 3 % or more — you might meet the minimum qualification requirements for a 30 - year fixed - rate mortgage loan.
Not exact matches
So it's
pretty tough to get
good deals with loans if you are already suffering from a pockmarked
credit history.
They figure that if they take a look at your
credit history, it gives them a
pretty good idea of whether or not you'll behave
well and pay your bills.
After years of having
credit pretty close to maxed out, a
good payment
history (I even miss a payment every two years or so so they can charge me 29.99), my wife and I have made it through our advanced degrees, raised a kid to his teens, and have finally got the income to pay down our debt.
When I got my first
credit card and began building a
credit history and
credit score, I was
pretty diligent about maintaining a
good score.
We locked in at 5.5 %, which is
pretty good for my (lack of)
credit history, even compared to today's low rates.
I previously had the Chase Freedom card and a car loan that I paid off with Chase — so I have a
pretty good history with Chase — and I was immediately approved for a $ 17,000
credit limit.
That said, not many college students have the level of income and
credit history the banks are looking for, unless it's a
pretty good part time gig that matches what some people make full time.