2007-02-04 07:41:11 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
There isn't really a time frame involved. It depends on how you use the credit card,past credit history, and income to debt ratio.If you have no credit then use the card every now and again but when its time to make a payment try to bring the balance back to $0,and always make your payments on time.
2007-02-04 07:49:03 · answer #1 · answered by Ben 2 · 0⤊ 0⤋
Getting a credit card and using it in itself doesn't have a whole lot to do with qualifying for a home loan. Using it and making payments on it does add to your credit making you look more desirable to lenders, but if you have a good down payment and income to support the payments, and some credit that shows good faith (eg. car loan) you should be able to get a loan from someone. Qualifying itself isn't the hard part, it's trying to get a loan without a sky high interest rate you want to consider here.
2007-02-04 11:12:36 · answer #2 · answered by Χαλαρά 7 · 0⤊ 0⤋
lmao What could make you think of a mastercard will qualify you for something? your qualification for a margage is predicated on your credit history and your ability to pay off the money borrowed. and of course the fee of the abode your wanting to purchase. the only skinny a mastercard can try this can assist you you qualify is ultimately build your credit status assuming you in no way omit a charge on your card account. In a nut shell you will possibly desire to refraze your question, as some human beings have credit enjoying cards for forty years and in no way qualify to borrow for a private loan.
2016-09-28 10:17:44 · answer #3 · answered by ? 4 · 0⤊ 0⤋
If your credit, income and other factors qualify, you can get a mortgage now. You don't have to wait just because you got a new credit card.
2007-02-04 07:47:02 · answer #4 · answered by kelly h 3 · 0⤊ 0⤋
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2007-02-05 00:48:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
depends on your credit score. income and the debt ratio. Check with a company and ask ..........God bless and hope you get you a good home and loan.............
2007-02-07 05:21:14 · answer #6 · answered by tennessee 7 · 0⤊ 0⤋