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student loan

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sofiarus07 Joined: 19 May 2011 Posts: 6 2.42 Dollars($)	Posted: Thu May 19, 2011 11:22 am    Post subject: student loan Like 0 Dislike 0 Can student loan in defferal used as a trade line for mortgage purposes? Thank you
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Thu May 19, 2011 8:20 pm    Post subject: Like 0 Dislike 0 Hi sofiarus, As far as I know, it can used as a trade line for mortgage purpose. However, you should have other positive trade lines in your credit report in order to qualify for a loan. Thanks
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Sat May 21, 2011 10:48 am    Post subject: Like 0 Dislike 0 You need a minimum of 3 tradelines for a lender to acquire a proper score. Student loans benefit you inasmuch as the payment record shown is favorable. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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