Credit information?

[Jakey]

http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx
http://www.myfico.com/CreditEducation/FactsFallacies.aspx
http://www.myfico.com/CreditEducation/CreditInquiries.aspx#30
Credit Card Ratings:
http://www.cardratings.com/

[AJ]

http://www.mnsportcompacts.net/forum/showthread.php?t=42036

[Pushit2.0]

Good luck on the 225k house your first time around. I hope your renters do not bail on you.

~John

[Halon]

I totally agree with that. This is my first house as well. My point of view on it was to purchase something that I can afford, on my own. And then at some point possibly get a roommate, because it wouldn't hurt to have someone help with the mortgage. But people move on to bigger and better things. So I didn't want to have to rely on a roommate's money to afford my home. My loan was for 168k, and that loan is quite a handful to take care of on my own, I can't imagine 225k. But good luck with it man. Everyone's situation is different, so just make the right choice for you!

[Shane@DBPerformance]

It's amazing how inflated home prices have got the last few years. The only people who can afford them without going broke are the ones who bought a house 10 years ago and can now sell it for triple what they paid.

[Pimpin Dsmstyle]

Pricing on houses is DOWN right now. It's a buyers market and at 6.0% fixed rates, you can't really go wrong. I'm not relying on renters to pay the bills, I'm relying on them to let me live more comfortably. I could afford to pay for it without them but life would suck. Overtime is always available if I need it.

For the record - That money is already considered mine. So those of you that don't think the same as I do, You're wrong! :) As I said before, knowing people is a great thing.

Also - I don't need to spend 225k on a house. I just know that's the limit. If I find something worth the cash struggle, i'd pay up to 225k. Otherwise I'm looking to keep it down around 200 or less.

[joesushi]

Pricing on houses is DOWN right now. It's a buyers market and at 6.0% fixed rates

LOL, i'm not picking on this guy in any way tho. They need to make a course on credit knowledge in high school mandatory that is for sure.

I'm obviously gonna ask my bank these questions but i think its always a good idea to talk to people that won't be looking for my money. I've never abused my credit card and I keep getting increases in my line of credit. I never have had a loan. If I pay off a $10,000 motorcycle in 3 years That would most likely leave me with decent credit right?

[Kevin 1G Drummer]

Holy old thread Batman!!!

[EclipseGST]

If I pay off a $10,000 motorcycle in 3 years That would most likely leave me with decent credit right?

Its not about how fast you can pay it off... Its actually better to make just about every payment, maybe paying $25-$50 more per month if you are looking to pay it off sooner. This is if you are trying to build your credit.

And yes, whats with the old thread...

[joesushi]

And yes, whats with the old thread...

I can haz search button.