Mortgage Loans

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jnkp2001
Posts: 132
Registered: ‎01-04-2012

cisco credit

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‎11-01-2012 05:01 PM

Has anyone ever heard of cisco credit?  A lot of mortgage finance people use them.  My broker is telling me they said we only have a 14 day window to have credit pulled multiple times.:smileyfrustrated:  I have seen on here that people are saying 30-45 days for it to count as a single hard pull.  Can anyone dispute this?

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

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Regular Contributor
frugalQ
Posts: 243
Registered: ‎03-23-2012

Re: cisco credit

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‎11-01-2012 05:45 PM

I had to get a new car in the middle of my FHA streamline refinance. I discussed it with my LO and she told me I would be fine as long as it didn't mess up my DTI. When UW did an updated CR, they asked me to provide a LOE stating why I purchased it and asked me to provide the loan docs proving my note was the same amount listed on CR. I provided the info, and we closed.

YMMV, of course. So, I recommend you speak to a mortgage professional before you purchase.
Capital One Platinum 0/2.5K - AmEx Green NPSL - Amex Hilton HHonors Surpass 0/7K - Amex BCP 0/8.5K - Chase Freedom 0/3K - Discover IT 0/6.5K - LOC 0/2.5K
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Regular Contributor
frugalQ
Posts: 243
Registered: ‎03-23-2012

Re: cisco credit

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‎11-01-2012 05:47 PM

Before you purchase the car, not the house. :-)
Capital One Platinum 0/2.5K - AmEx Green NPSL - Amex Hilton HHonors Surpass 0/7K - Amex BCP 0/8.5K - Chase Freedom 0/3K - Discover IT 0/6.5K - LOC 0/2.5K
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Regular Contributor
frugalQ
Posts: 243
Registered: ‎03-23-2012

Re: cisco credit

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‎11-02-2012 05:11 AM

My apologies! I posted this reply in error. It was meant for another thread. :-)
Capital One Platinum 0/2.5K - AmEx Green NPSL - Amex Hilton HHonors Surpass 0/7K - Amex BCP 0/8.5K - Chase Freedom 0/3K - Discover IT 0/6.5K - LOC 0/2.5K
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Contributor
jnkp2001
Posts: 132
Registered: ‎01-04-2012

Re: cisco credit

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‎11-02-2012 04:35 PM

no problem, I thought i wasn't expressing myself well enough....lol

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

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