Posted on: 17th Sep, 2007 06:34 am
If the credit score is 600, and held three different jobs in the last 12 months.
Does unemploment compensation count as income?
Does unemploment compensation count as income?
unemployment is not income........The rate will be determined by the level of approval......and your loan to value
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.
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.
