04-10-2010, 10:29 AM
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#7 (permalink)
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Base Member
Join Date: Jul 2009
Location: ca
Posts: 107
Drives: N/A
Rep Power: 16
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Quote:
Originally Posted by FuszNissan
Unfortunately it isn't about score anymore.
Banks look at Debt to Income, Income,and Score. So you may have an awesome score like 800 but have an 80% D.T.I (debt to income) and may not get a loan.
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Wow bang on the money with this Fus, I was denied by penfed not because of my score but due to the fact my two credit cards are carrying to high of a balance compared to the limits. So looks like I am going to put in some OT, pay down the debt to lower than 50% and try again. My score was not a problem the lady said. Weird 4 years ago and they would be throwing a loan at us.
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