Rapid rescore...640...can we do it?

[How2increase]

Hi guys!!! I have finally received written approval, I've been waiting for 6 looonngggg months, so I'm excited to get the ball rolling. My mortgage broker pulled scores and the  middle score is 638, 2 whopping points shy of the required 640!! 

I recently paid off my car loan, so the mortgage broker would like to do a rapid rescore. Do you think I will be able to get the 2 points?

Our closing date is on 9/4 :/

[Anonymous]

We did it with our loan, it took about 3 days to get the rapid rescore results back. I guess it all depends on what you need to do to get your credit up by two points. What they suggest was going to cost us $2,000.00 and what we did cost us nothing and brought our score up 40 points.

[How2increase]

Thanks for your response!!

I paid off a car loan. 

What they suggest? Who? Your LO? 

[Anonymous]

I recently paid off our auto loan and when it finally reported with a zero balance I got a 15 point boost, so it seems the points are there for the taking

[tooleman694]

I paid off my auto a few months ago and saw a zero point change. I was pissed.

[Booner72]

You could lose points if this is your only open installment loan. I, too, paid off a car loan and didnt see anything.

[Anonymous]

I raised my score from 585 to 641 in less than a month by paying off my CC's! So yes I think you're good.