Do you have a credit card that has to be paid off each month? When you finance a home, evaluating this type of credit can get a little tricky. Let’s talk before you start looking for your home to avoid any bumps in the home financing road!
Related Article Title: 30-Day Accounts – Payment or Reserves – What Is Required? Question: Our client has an open 30-day account. The credit report has a monthly payment associated with that account. DU is requiring reserves, and when I search the Fannie Mae guidelines, I get two different answers about how to treat this debt […]