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Regular Contributor
Posts: 200
Registered: ‎03-02-2012
0

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

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 :/

Jan 2012 TU 517 EX(fako) 524 EQ 470
Current score LENDER PULL TU 652 EX 641 EQ 617
Yayy we made it!!!
Member
Posts: 26
Registered: ‎08-09-2012
0

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

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. :smileyhappy:

 

Regular Contributor
Posts: 200
Registered: ‎03-02-2012
0

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

Thanks for your response!!

 

I paid off a car loan. 

 

What they suggest? Who? Your LO? 

Jan 2012 TU 517 EX(fako) 524 EQ 470
Current score LENDER PULL TU 652 EX 641 EQ 617
Yayy we made it!!!
Member
Posts: 6
Registered: ‎06-03-2010
0

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

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

Valued Contributor
Posts: 2,300
Registered: ‎08-25-2011
0

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

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

Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
0

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

You could lose points if this is your only open installment loan. I, too, paid off a car loan and didnt see anything.
STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
New Member
Posts: 1
Registered: ‎04-20-2012
0

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

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.

8-2011 EQ 535 TU 490 EXP ?
9-2012 EQ 625 TU 641 EXP 650 (Lender Pull)
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