2007-09-16 12:34:32 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
The short answer is yes. A credit score of 750 is great. There are other factors that mortgage companies consider, such as employment, stability, debt to income, ration etc., but chances are you would be approved; the major variable would be at what interest rate you'd be approved for.
2007-09-16 12:41:31 · answer #1 · answered by squeaky 2 · 2⤊ 0⤋
Yes. 750 is a good score. But you also need a high enough income to qualify for the amount you need to borrow.
2007-09-16 19:47:45 · answer #2 · answered by crazydave 7 · 0⤊ 0⤋
Yes. 750 is considered top tier credit, but your income will also come into play. It's not simply whether you have good credit, you have to have enough money to make the mortgage payment. The loan company you are dealing with will have their own formula to determine what your gross income should be to support the amount you want.
2007-09-16 19:52:49 · answer #3 · answered by Lund2100 1 · 0⤊ 0⤋
Yes. As long as you have clean credit. You probably do but just check it just incase...weird stuff happens. But remember it takes more than credit. the next biggest thing is how much money you make. I have had to turn down people with great credit, because they didn't make enough money. you want to aim for only about 45% of your monthly income (before taxes) going towards your monthly bills, including the new mortgage. As long as these things are in order, then you should be good.
2007-09-16 19:45:29 · answer #4 · answered by Kurious1 2 · 0⤊ 0⤋
That's a good credit score, so you'll be OK there. But there are also other requirements - the house appraisal shows it's worth what you are trying to borrow, your income is high enough, and your debt to income ratio is acceptable to the lender.
2007-09-16 20:01:16 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
that's a good number
2007-09-16 19:49:05 · answer #6 · answered by true_value5 4 · 0⤊ 0⤋