What is the highest possible interest rate one must pay.

steve4891 · Joined: 17 Sep 2007 Posts: 1 1.27 Dollars($)

If the credit score is 600, and held three different jobs in the last 12 months.
Does unemploment compensation count as income?

ckalvesmaki · Posted: Mon Sep 17, 2007 12:30 pm Post subject:

unemployment is not income........The rate will be determined by the level of approval......and your loan to value

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi Steve,

The interest rate that is charged on a loan mainly depends on your income and LTV ratio. Probably if you have low income and a low score, you may have to pay a higher interest rate on the loan.

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