Quote:
Originally Posted by Qtrofablock
This is something thats been on my mind alot lately....I've recently got my credit in good standing but I've never applied for a loan this big. Even with like 7500-10000 down I'm concerned they may try me when we go in that finance room?
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At the credit union I work at, the person's credit score determines the person's interest rate. Money down is required typically if the person has no credit history or the person's credit history doesn't look so great. If there are recent past dues on the credit history, the loan officer will most likely deny the loan even with money down but it all depends on the policy and loan procedures that that financial institution.