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Valued Contributor
Posts: 2,300
Registered: ‎08-25-2011
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Re: Ready to start mortgage process...3 separate lenders not wanting to do rapid rescore

Credit Karma for TU, Credit Sesame for EX and myfico for EQ.

Valued Contributor
Posts: 1,063
Registered: ‎05-26-2010
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Re: Ready to start mortgage process...3 separate lenders not wanting to do rapid rescore


tooleman694 wrote:

My TU report is the one that updates the most quickly, EX trails a little bit and EQ is even further.

 

And about home prices, OMG in my area they are rising like crazy. The house we are building we could no longer afford if we put in a contract to build right now. When we close, we are looking at about 140k in equity. We only put 20k down. It is just insane. Prices are rising faster then I can save.


What area?  The big increases are in the places that fell the most, and there will still be a lot of opportunities in those places.  New construction may have a little bit different dynamic because of scarcity.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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Valued Contributor
Posts: 2,300
Registered: ‎08-25-2011
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Re: Ready to start mortgage process...3 separate lenders not wanting to do rapid rescore

I am in the DFW area, Dallas TX.

 

We were not hit hard at all when the market crashed. I bought my first house in 2004 and after 2008 prices just kind of stood still. When we sold our home in 2012 we made a pretty good profit.

 

Prices here in the Dallas area are still what I would consider cheap. I am from San Jose California. Back home in CA, prices are still recovering but it is getting crazy once again. My sister put in a offer on a home in CA a couple weeks ago for 20k over the asking price and was rejected.

Valued Contributor
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Registered: ‎05-26-2010
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Re: Ready to start mortgage process...3 separate lenders not wanting to do rapid rescore

Dallas and Houston (I was there till end of 2007) never rocketed up so didn't fall, just marked time.  In Houston there's still so much land (and no zoning) new homes compete with pre-owned homes. 

 

Here in Baltimore there's some price appreciation (2 or 3%) because of spillover from the return of craziness in DC and Northern Virginia. 

 

The killer to affordability is more likely to be interest rates than home prices.  That's why I'm glad I have 30 years fixed at 2.92%...

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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Registered: ‎12-19-2012
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Re: Ready to start mortgage process...3 separate lenders not wanting to do rapid rescore

Okay. When did you pay down the credit card and when does the statement come out every month?
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
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