Question by Ivan S: What Do I have to Qualify for Debt Consolidation Loan?
Not credit guidance, nevertheless debt consolidation loan. Can’t discover any advantageous information online, thus a educated opinion will be helpful. What are credit specifications, house equity requirement, debt service ratio plus different factors?
If you recognize a advantageous resource which will be helpful too!!
Thanks.
Best answer:
Answer by DiscountStoreGenie.com
I receive this query all time because a senior loan officer for a big mortgage brokerage fast. Credit needs are a small tighter today, nevertheless there continue to be lender whom usually provide with consolidate a debt should you have the following:
1. Credit score of 680 or high.
2. Debt with money ratio of 45% or lower (if CR score is high, then ratio is higher)
3. Home loan with value is because excellent because 95%
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