Re: Rental Question
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It will show up on your credit report/history if it is your lease.
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No it doesnt....most current 1st mortgages(unless you have defaulted/foreclosure) ,dont even show up on your credit report,so I dont know how a rental would ?
Its one of the biggest unknowns in the CR world [img]/images/graemlins/wink.gif[/img]
I also thinks its a BIG reason that alot of these sub-prime/risky loans get through.
Obviously...it has had a negative affect directly related to the sub-prime mess we are in now.
If peoples credit were MORE scrutinized the last few years in the housing market,alot of these problems would not have occured or exist.Albeit housing appreciation would be NOWHERE near the levels it reached also
But the FAT-CAT fees associated with the mortgage industry made even the biggest WS firms abit too greedy IMO,and they are drowning in these bad loans bigtime!
Now they want a 750+ FICO score with 50% down...lol ....to qualify(its a joke).
It is a shame however,as a REAL QUALIFIED borrower,esp. a first timer like the OP.....is indirectly paying for it,as it has really put a squeeze on credit availibilty
SF
[img]/images/graemlins/frown.gif[/img]
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