08-14-2012 12:38 PM
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 :/
08-14-2012 12:44 PM
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.
08-14-2012 12:56 PM
Thanks for your response!!
I paid off a car loan.
What they suggest? Who? Your LO?
08-17-2012 06:14 PM
09-27-2012 11:00 AM
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.