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Need 13 points, Lender Skeptical

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Established Contributor

Re: Need 13 points, Lender Skeptical

I'll ask my lo about a loan, there is no time to hang out. If I don't try everything I can to get financing, I violate the contract.

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Message 11 of 14
Moderator Emeritus

Re: Need 13 points, Lender Skeptical

IMO, I don't think the underwriter is going to like seeing a new loan on your reports.  And the effect of having a new inquiry, new account, and lower average age of accounts might offset any improvement in FICO score from the lower utilization.

Message 12 of 14
Established Contributor

Re: Need 13 points, Lender Skeptical

I'll make sure not to make a move until I ask.

 

I might have to ask about delaying my closing, but I have to get it figured out.

 

I don't even know what my accurate Ex is because he pulled my report 1 day before 11 90-day lates were removed from my report.

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Message 13 of 14
Frequent Contributor

Re: Need 13 points, Lender Skeptical

If you had 11 90- day lates removed from your CR a day before then you should have those 13 points I would think
Message 14 of 14