Which of the following would have a negative impact on determining eligiblity for a home loan?
a.
earning extra income
b.
moving into a different apartment
c.
paying off credit card debt
d.
withdrawing money from savings

Question

Which of the following would have a negative impact on determining eligiblity for a home loan?
a.
earning extra income
b.
moving into a different apartment
c.
paying off credit card debt
d.
withdrawing money from savings

wilsondanielle · Answer

a negative impact on a home loan would decrease your change of being approved - so which of these things would hurt your credit score or decrease the likelihood that you would be able to pay back a loan?