Compare Mortgage Quotes

wjallen101 · Joined: 05 Dec 2008 Posts: 3 2.31 Dollars($)

Thanks for answering past questions. The community has been very insightful. Another question I have is whether an 80/20 loan has more of a negative effect than a conventional loan because two different holders will be reporting to the credit agencies.

jameshogg · Posted: Fri Jan 16, 2009 7:44 pm Post subject:

Hi wjallen,

I do not think that a 80/20 loan has a greater negative effect on your credit as compared to a conventional loan. If you are defaulting on a conventional loan, then the lender will report that too to the credit bureaus. The terms and conditions of both the loans may be different but the credit affects are more or less the similar.

Thanks

msnover92571 · Posted: Sat Feb 28, 2009 6:57 pm Post subject:

The effects will be the same if they foreclose on ur property.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

effects of foreclosure on credity