> From: Erik Reuter [mailto:[EMAIL PROTECTED]]
> This is costing me some money now, and I certainly hope it > doesn't cost > me more money in the future (hopefully it doesn't cause problems if I > apply for a home loan in the future, but I guess at a minimum it will > probably make it harder for me to get the most favorable > interest rate) This will definitely come up when you apply for a first mortgage, especially if you are taking advantage of a 5% or less down payment deal. I was amazed by some of the things I was asked about from my credit report when we bought our first house. They asked "why did you miss a payment on this credit card 5 years ago?" Uh.... "I don't know" wasn't an acceptable response. So we had to make up some story for each of these things before they would go through with the mortgage. It was amazing. (My father and I also share a first name so a whole bunch of his credit cards ended up on my credit report. The bank said that it sure looked like I had a lot of credit out there. Since most of those cards were issued in the early 70's, I asked them how many 7 year olds get credit? They stopped asking about them after that...) - jmh _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
