Reply
New Visitor
Posts: 1
Registered: ‎07-01-2007
0

About to apply for mortgage

Hello all!!  I did a search for this but didn't really find a good answer. My question is, we just paid off our credit card in full (Cap. One), and we are about to pay our auto loan off(Ford cred.) this month. I would like to wait to apply for the mortgage until these balances are shown as 0 on our reports. But how long does it usually take for it to show up? I have heard 30, 60, even 90 days. I hope not that long!! Any advice would be much appreciated. Thanks!!
Established Contributor
Posts: 630
Registered: ‎06-20-2007
0

Re: About to apply for mortgage

You are at the mercy of the OC...But if you have  current copy of your CR you can look and see when these two have reported in the past. This may give you an idea, or you can call the OC and ask when they will update your file. Good luck! And let us know the out come of your PIF results.
9/18/08 TU=707 EQ=706 EX=702
Regular Contributor
Posts: 255
Registered: ‎06-08-2007
0

Re: About to apply for mortgage

You should be able to show you zero balance statements and ask most mortgage companys to order a Merge. That should show your new scores but it wouldn't hurt to wait.
 
Regular Contributor
Posts: 131
Registered: ‎05-06-2007
0

Re: About to apply for mortgage

Tip...If you dispute the items it will be so much more quicker. I disputed one of my cc and it updated in a little over a wk. I have found out to always dispute paid items as bal is incorrect to get quick service. Peoples don't understand that they control our lives when they don't report positives more faster.
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.