George purchases a $74,000 home, depositing $3,000 in earnest money. Then George obtains a 75% LTV on the home. No additional costs or points to George. How much more cash will George have to bring to the closing?

Bi would !

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.