with a credit score 786 what is the chances of getting a mortgage loan?
cattgitter asked: i want to buy a house
Kristin
Tags: Buy House, Credit Score, Mortgage Loan
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on Thursday, July 16th, 2009 at 11:27 am and is filed under Mortgage Loans.
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July 17th, 2009 at 7:13 am
Denise
that’s pretty good. you should get a mortgage.
July 19th, 2009 at 9:50 am
Ann
thats real good unless you have something else going on that i dont know about then any loan should be yours
July 22nd, 2009 at 7:00 am
Jamie
Credit score is important buy how high is your income. Other then credit score, lenders tend to not like debt to income ratio higher then 4.
Rival
July 24th, 2009 at 9:41 am
Ryan
That’s a pretty high score. You will probably be able to get the mortgage loan. Even if you have an account that might look like it’s in bad standing, the mortgage officer will work with you and find you the best interest rate.
July 25th, 2009 at 8:04 pm
Kimberly
that is extremely good. thats just one qualifier, so you still need your loan to income ratio, other debt, etc. But you certainly are creditworthy. Dont over leverage yourself.
30% of your income to a mortgage is reasonable.
July 28th, 2009 at 8:40 am
Glen
That’s above average. 678 is the average. You should be able to get a mortgage loan…..
July 30th, 2009 at 6:26 am
Barbara
That credit score should get you a decent interest rate. Plan on 1.5 times your gross annual income as the maximum mortgage so that you will be able to afford the payment.
August 1st, 2009 at 7:06 pm
Shane
No worries. You’ll get a loan. That is really good. As long as you have some income to back it up your good.
August 3rd, 2009 at 4:54 am
Jonathan
99%