How much do you analyze credit report information
How do you feel about this hypothetical info? I'm used to a better applicant but this seems to be the norm in this new area I'm invested in.
Applicant has a higher credit score above 720 but has 15+ 30 day late mortgage payments over 10 years (four in the last two years). 75% balance on credit limit.
No rental history as a previous home owner. Has a mortgage still that would leave very little on the table after paying rent. Income and savings are great.
I'm a no on this but am I being too harsh?