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Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market.
Jean Chatzky
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"Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market."
— Jean Chatzky #moneywealth

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Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market. — Jean Chatzky

About Jean Chatzky

Jean Chatzky was a Journalist from United States (1968–present).

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Frequently Asked Questions

Who said "Generally, there are three rules when it comes to borrowing money: You need to…"?
This quote is attributed to Jean Chatzky, a Journalist from United States.
When did Jean Chatzky live?
Jean Chatzky lived from 1968 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.