Baal-meon
Site Admin
Joined: 01 Jan 1970
Posts: 127
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 Posted: Fri May 19, 2006 9:10 pm Post subject: Financing Houses - What Real Estate Lenders Look For |
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Lenders control many programs–some make use of over 200! Generally, lenders look for the following typical standards, with many exceptions:
1. Absolutely no late mortgage payments
2. Credit score above 580
3. If bankruptcy, no charge-offs or collection accounts afterwards
4. If bankruptcy, only 1 late payment afterwards
5. Two active revolving accounts in good standing
6. Good employment history or [...]
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