What is typically needed to qualify for an auto refinance loan? - auto loan refinance calculator
As a credit score, credit history, current debt level, it is secure?
Any information that. Could help
Thank you.
Tuesday, January 19, 2010
Auto Loan Refinance Calculator What Is Typically Needed To Qualify For An Auto Refinance Loan?
Subscribe to:
Post Comments (Atom)
4 comments:
Financing of cars is what I do in life, which should throw light on your question.
Below is a list of factors that lenders look car.
Factors.
1. Loan to value (LTV).
2. The age of the vehicle.
3. Loan term.
4. Miles on the vehicle.
5. The first payment.
6. The period of employment.
7. Time at Residence.
8. Monthly income before taxes.
9. Credit score / profile.
10. Total debt income, including the payment.
What are they;
1. Between 85% and 115%.
2. So, no more than 8 years.
3. 36-72 months.
4. Not more than 60,000.
5. 10% of the purchase price or $ 1,000.00.
6. 2-years.
7. 2-years.
8. $ 1500.00 to $ 2000.00 depending on the lender.
9. To pay 540 or greater than 4 as agreed credit lines with 1, the loan paid in installments of at least 12 times for a minimum of $ 150.00 per month and amounts to the credit bureaus at least 3 years.
10. Not greater than 45%.
Another thing that comes into play is when the payment relative to income as dependent on r of the loan and interestDo you have the budget for the payment. Most lenders will not exceed 16%.
Good luck, and please do not respond to offers that you see here, all fraud.
To ask for a car loan refinance loan, many lenders that you meet the following criteria into consideration:
* Be at least 18 years.
* In possession of a valid driver's license
* Current U.S. Citizen
* An annual salary of 26,000 or approval
* Do you have proof of current automobile insurance
First, they want to make sure you have enough equity in the vehicle. Your credit history and banking relationships are important. Debt ratio is another factor, such as your employment history.
Funded car is more expensive because they require insurance. You can change the amount that compare them to pay for full coverage of this car with this tool - carquotes.fateback.com
Post a Comment