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Navy Federal softing me. A lot.

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starry1
Valued Contributor
‎02-27-2013 11:45 AM
‎02-27-2013 11:45 AM

Re: Navy Federal softing me. A lot.

That I do not know, my welcome letter seems to have gotten lost in the mail and they're sending a new one.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 11 of 14
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jackg
Established Contributor
‎03-05-2013 12:26 PM
‎03-05-2013 12:26 PM

Re: Navy Federal softing me. A lot.

starry1
Frequent Contributor
starry1
Posts: 458
Registered: ‎11-29-2012
 
Re: Navy Federal softing me. A lot.[ New ]
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‎02-27-2013 08:43 AM

Whoops, I lied.  I have an auto loan offer.  I don't need a new car, but I was planning on refinancing my current auto loan later.  Do you think I can use the auto loan offer for a refi?

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako
Current Score: 02/27/13 TU 605; EQ 589; EX 607 fako seedling-transparent.png
Goal Score: 625 for now

Cap1 secured $200 / FP $300 / Fingerhut $300 (last app 2/22/13)
 
 
Why would you want to refinance a car loan? If you do it you'll kick yourself in the behind for the rest of your life. Just think about all the costs you would pay all over again besides the fact you would have a new loan.
UNLESS of course you've done the math & it would be to your benefit, but that's rarely the case.
 A few things to know before you consider it:
The difference, in points from the old loan to the new one?Calculate that total amount. Ask the finance guy to list all associated costs for the transaction. Now you should know how much it'll cost to do it. All you need to do next is figure out how much you would save, over the entirety of the loan and then you'll have your answer.
FICO scores on November 17, 2014 (prior to applying for and being approved my mortgage)

EX=738
EQ=735
TU=754

FICO scores on March 4, 2015 after being approved for mortgage and buying the home, the mortgage isn't yet reporting.
EX- 689 EQ- 739 TU- 739
Message 12 of 14
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starry1
Valued Contributor
‎03-05-2013 06:33 PM
‎03-05-2013 06:33 PM

Re: Navy Federal softing me. A lot.

Because my current rate is 17%, that's why.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 13 of 14
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Shogun
Moderator Emeritus
‎03-05-2013 09:43 PM
‎03-05-2013 09:43 PM

Re: Navy Federal softing me. A lot.

I bet you could substantially lower that percentage rate.  It would be worth looking into.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 14 of 14
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