08-20-2007 09:45 AM
08-20-2007 10:14 AM
08-20-2007 10:16 AM
08-20-2007 11:13 AM
Since your wife has excellent credit, are you atleast a AU on any of her cc accounts? If not I would have her add you to the ones that are the oldest and have clean payment history. This will bump your score up to get a even better mortgage rate
NewHomeBuyer wrote:My wife and I will be going for mortgage pre-approval in the end of September / beginning of October.We also need to get a car.She has great credit and a lot of money in the bank.I have poor credit with a Fico of 670 and several ugly blemishes on my record (several credit cards which went in to default and were settled or paid off in full). However, I am doing fine now and have been on solid ground for approx 1.5 to 2 years.Will buying a car in September, right before the mortgage pre-approval, negatively impact my Fico? And if so, how seriously will it effect my score?Should this act be avoided until after the mortgage pre-approval?
08-20-2007 06:20 PM
I've heard people talk of some having their credit checked again within minutes of signing the paperwork. I'll be biting my nails until the last John Hancock is in ink.
It affect your score. Beware that the bank will check again your score, just before closing. My bank checked the score again to see if anything was changed with 2 days before closing. Good luck with the house.
08-23-2007 06:17 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
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.