Will i get approved for a home loan with a credit score of 757?
Hi i applied for a home loan thru eastern bank and they pre approved me for the amount i want 125,000 but i wanted to go with sovereign cause they offer a better interest rate. I applied with sovereign on monday dec 13th but with the soft second loans they dont do preapprovals they just jump to the approval. Do u think i will get it and how long does it take to get approved? Thanks
Asked By: hanover - 12/17/2010
Best Answer - Chosen by Asker
~~There is much more involved than a credit score. It would also depend on your credit to debit income ratio, time on the job, and other factors. Each bank requires different factors in making their decision. So there is not a way to correctly answer this question for you accurately.~~
Answered By: debijs - 12/17/2010
Additional Answers (2)
yes ahould only take a few minutes
Answered By: Scottie"T" - 12/17/2010
A good deal depends upon your salary and the stability of your job. If those two factors are good, your credit score is great.
Answered By: Eddie Cacciatore, Private Eye - 12/17/2010
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