Is it easier to get a car loan or a mortgage? related questions

Answers
Asked by
Updated
Is it easier to get a car loan or a mortgage?0Vonnie2012-09-29 06:41:03
I know this is probably a ridiculous question but I recently applied for a car loan and was rejected due to my lack of credit history . I had to have a co - signer and since then has not missed a payment and made a substantial payment towards the principal, ( $ 1,400 ) . MedlinePlus I am interested in buying a home in the next year and called a lender to see what they have to do to get approved for a loan . I explained my lack of credit history and told me that there are ways around that. MedlinePlus So my question is , are there different guidelines to get approved for a mortgage verses getting approved for a car loan ? Since I am a first time buyer to improve my chances for a loan ? Or do we all go through the same pattern ?
Which is easier, a new mortgage or a home equity loan?2Brooke=HELP2012-09-01 23:16:02
This is the story , i foreclosed on my home in 2007 , since then I've cleaned my credit paid all my credit cards and my credit score up to 665 from 495 in a minimum time. I am now debt free, own my own business and this year I'll be doing a 200k . I'm looking at some investment houses , which run about 80k- 100k . I talked to a mortgage officer and said that due to a foreclosure on my credit card , conventional loans that I have to wait five years and three years FHA loans , but must be the primary residence , even with 25% down? I can get a mortgage ? Otherwise? MedlinePlus MedlinePlus If not ... I have the money to pay the rent in cash, if I do, I can take a mortgage for 70-75% of the value of what you can turn around and buy another house to rent ? MedlinePlus MedlinePlus Thank you.
Will it be easier to obtain a credit card if I have a new mortgage?0Atty2012-10-12 18:16:32
My scores are around 620. I have paid 2 collections , 2 paid judgments , 3 credit cards ( less than a year old, never too late ) and a secured loan. The letters I have are for bad credit . It can not be approved for anything else . I was told that once I close on my house , I'll be able to get any card I want. I can make enough money to not have to go into a hole again, since most of my debt was in college.
Why do rising house prices make it easier to refinance a mortgage?0Terence2012-11-04 02:22:25
Assuming there are rising housing prices, why would it be preferable to refinance a mortgage? Why would this lead to lower interest payments than the current loan? Did the assumption that house prices would always rise contribute towards the sub-prime mess?
Is it easier to get approved for a loan for a new car, or used one?1Colleena2012-10-03 23:28:02
Is it easier to get approved for a loan for a new or used one ?
Is it easier to get a lease than a new car loan?1Damia2012-08-10 11:26:41
My credit was great once , but suffered a bit due to a long-term layoff spent most of 2009 and early 2010 . I returned to work for quite some time now, but for being a slow payer and running a couple of credit cards during that time my credit card dismissal was a success , now my credit score is around 600. I wanted to buy a different car, as I'm driving my car is 10 years old and now have a few mechanical problems. In fact, I bought new 10 years ago. I was looking for a small used car cheaper , something like a Toyota Corolla or Ford Focus as an example, just to last me for a few years until things more stable. I have several loan offers , but both had terribly high interest rates of around 13-14% , with a maximum loan amount of 14,000. I was curious , it's easier to rent a car for a car loan if your credit is very unstable? I know you sent leases perfect, but a lease might work for me, as all you have to drive a short distance to and from work and probably only put about 12,000 miles a year on a car if .
What is easier to get a loan for? Buying a new or used car?0ballamoney12012-09-09 22:45:02
What is easier to get a loan? Buying a new or used car ?
Right now, is it harder or easier to get a car loan?1miguel2012-10-07 10:10:03
When you turn 18 in a couple of weeks , I want to apply for a car loan . I have not a guarantee, which obviously has no credit , I have student loans ( no matter ) , but I have $ 1,000 to leave . MedlinePlus MedlinePlus With the economy as it is would be harder or easier for me to get this loan ? Is it even possible ? I'm just looking to take 12,000 because I found a reasonable Dodge Caliber . MedlinePlus MedlinePlus What are some other things you should know ?
What would be easier to obtain, a personal or car loan?0rey fausto2012-10-01 09:41:04
I wonder what type of loan would be easier to obtain. I'm looking at getting a 2006 Honda Civic EX with 50,950 miles on it for $ 13,500 with only one previous owner and no accidents . I have a credit score of around 720 and just finished a car loan of $ 8,000. During eight months that always pays too soon , and was paid by my insurance company due to an accident . I have also had two credit cards, one for 1.5 years and another for half the year , without losing or have late payments , while paying above minimum balance . They have also had a cell phone for 8 months without missing a payment . I wondered what kind of loan rather be accepted by Bank of America . An auto loan or a personal loan ? Sorry if the above information . was not necessary , just add me if you play an important role . MedlinePlus MedlinePlus PS : MedlinePlus The reason for my credit score is not higher is because of the short time I've been setting credit. MedlinePlus MedlinePlus Thank you all, and I look forward to hearing your responses .
Is it really easier to get a car loan from my credit union?2Zabo2012-10-19 22:28:03
I've been with them for the past 17 years , however , my credit is not the best . It is improving but ... I am asking 13000.00
Is it easier to get a Loan or a Line of Credit?12zaib.u.nisa2019-04-07 20:07:59
I'm not sure my credit score, but I do not think it's bad.
Is it easier to get a loan or apply for a C.card?0Themba N2012-08-30 11:44:06
I want to get new furniture in my room and I have bad credit , but I have a car loan , but I was wonderign it would be easier for me to get a credit card or a loan ? MedlinePlus and it is more convenient ? and why

Ask New Question  

  • You are not logged in,answer will be Anonymous.Set Nickname | Sign In | Sign Up
  • tags separate by ','
  • Shortcuts:Ctrl+Enter

Latest Questions