Anyone have experience with Discover Home loans? I'm looking to borrow equity from my current home as a down payment on another house. They advertise no application, origination, or appraisal fees, while the interest rate is higher, this might be a good fit for my needs. Mortgage credit score is about 650. New home loan is already preapproved for FHA loan but I need a bigger down payment for the home I selected. My current home is worth $130k, maybe $160k, 1st mortgage balance is $35k so lots of equity.  ... View more

Whats the best way to handle this account? I'd like to apply for a mortgage within the next few weeks. I'm currently paying $25 a month to capital one until fully paid. Is this currently hurting my score? Will I be require to paid off during the mortgage process anyway?    ... View more

Do I have any chance in getting approval for a mortgage with recent late payments? I thought I had a covid forbearance but now I see that i was 30 days late when the forberance begin. Now the mortgage has 12 - 30 days lates in a row.    Credit Score is around 750. Car payment is my only other debt. Debt to income is ok.    I feel so screwed over. Will I have to wait a year from now?   Thanks! ... View more

Have anyone purchased this? Is it worth the monthly price? We just financed thru DCU and declined it, but it seems to be available as an add-on. We purchased a 2010 GMC Truck and already found two issues with the truck so I am reconsidering buying the insurance or any extended warranty thru the dealer.   Thanks. ... View more

Any chance of getting approved for an auto loan with a barely 600 credit score? I do have a current auto loan with no missed payments for almost five years. I'm looking at spending a lot to repair current car or trying to trade in.   Thanks. ... View more

Which credit unions offer online auto loans? I have applied at Alliant today and am waiting to hear back. I'd like to apply to a few other places online. My credit score is 650, but no auto or installment history.   Thanks. ... View more

Credit Score: 650 AAoA: 2 years # of positive trade lines: 3 # of negative trade lines:0 Income:4000 a month Lenght of Employment:8 years Previous Loan Experience: no auto or installment, 2 credit cards Debt-to-Income (DTI): 425/4000=10 percent Year of Car: 2003 Miles:120,000 Purchase/Refinance:10500 Requested loan term (XX Months):4 years Down payment amount:3000-5000 including trade value of $2500 Co-borrower/Co-Signer: n/a Other: Could scrap together the cash, but would like to be able to use this truck to build financing history. Applied for new car financing at capital one several times and turned down for lack of installment loan history. ... View more

I got in over my head in debt. I was able to set-up a few payment plans, but had several accounts charged over and turn over to collections.   What is the best way to get started in rebuilding credit?  I currently have two mortgages and auto loan which I am paying on. I have no longer have any open credit cards. I have a few credit cards that I am making monthly payments. What is the best way to get started? I don't have the money to make full payment on collections. Should I set-up payments or try to make one settlement every few months.   I will need another loan within a year or so. In the back of my mind, I would also like to adopt a child, but I am afraid that they will use the bad credit against me, so I'm too afraid to even visit the adoption agency at this point. TIA. ... View more

I'm needing to trade in my car within 6 months. I went from no credit to a score of 633 with 4 months. I currently have a Dell account with $1200 limit, currently using 100%, but will be paid off before applying for the auto loan. Also, $500 capital one card. I've using the capital one card every month and paying off. Should I do anything else or just wait on time?   My local bank has a credit building loan. You can borrow $500-$1500, the funds go into a cd, then you make monthly loan payments for 12-36 months. I've thought about doing the $500 for 12 months, but wondered I have to wonder if it looks like I needed a loan for $500.   Any help is appreciated. I know this is the rebuilding thread, but i'm basically building. I'm 35 and never really needed credit until now. In the past, I was able to pay cash for my car. Thanks. ... View more

Any chances of getting a car loan with no credit? Looking for something newer if possible. I have an old truck that needs a lot of work. Recently divorced and the mortgage was in the wifes name. Income is $50k per year. My first thoughts are to apply with Capital One auto or roadloans online. I dont want to even look if not approved. TIA. ... View more

How bad will one late but recent payment affect getting a new car loan? I will be needing to purchase a new car within the next 3 to 9 months due to the poor condition of my current car. My current credit score is in the low 500s. I currently have 3 30 day lates on my most recent car loan. Two were in 2008 due bank error. I've fought the bank to get the correction. It leaves for a few months then comes back. The 3th 30 day late is correct. I was late on the final payment in Jan 2010 because it was almost four times the current payment amount so I had to take two months to pay.   No other recent lates. I had some late payments in 2005. I have 11 inquires in the last year mostly mortgage related. My credit cards are currently maxed out, but will be paid off before the car purchase. Also, I will be paying off one mortgage loan before the car purchase. Debt to Income will be low once the mortgage loan is paid off. Any chances of getting a decent rate with late payment showing on the loan? What can I do other than paying off my credit cards to improve my score during the next six months.   ... View more

I don't know all that much about Home Equity Loans. How long does it typically take to get the cash? Also, do you attend a traditional closing as with a refi? Thanks. ... View more

When is approval 100%? I'm applying for a Non-owner occupied refi loan with cash out for repairs (We already have an FHA on our current residence that we don't wish to put up for sell for several months)   I got conditionally approved based on two items, #1 the appraisal, #2 an old collection being paid at closing.   But Today, I got a call from the loan processor asking two questions for the underwriter. The first question was how much rent do we expect to collect the property... Which the answer is zero, as we plan on moving into the property once repairs are completed. The second question was to explain all the inquires that had which was 6 other mortgage applications. He said I would need to sign a statement at closing.   Should I be worried about the approval again? Is it not 100% until we are the closing table? I'm so tired of the back forth with loan process. Thanks in advance. ... View more

I applied an local bank onlne. I was called the loan officer and we dicussed the items she needed (W-2, etc), then a few days later. She mailed me a Good Faith Estimate, which I signed and returned. Here's the problem, she has never said approved or not approved. I emailed her to ask the status and her answer was that it was being sent to the Loan Processor. What does this normally meant? I want to know if I am approved, but I don't want to rock the boat either. I'm afraid the answer will be No.   Thanks. ... View more