Re: Ok, so, advise please, ;)
11-16-2012 08:42 AM
I just closed this week on a refi. In my case, and YMMV, they specifically looked at accounts that were in the 6 months or less range. They look at new credit. There were comments added to the app by my mortgage broker regarding them. There was nothing said about the accounts I opened in Feb and Mar.
Will apps prevent you from getting a mortgage? Not necessarily, but you also have new young file. Personally, if it was me I would try and age the accounts 6 months.
DH and I had mid scores around 715 and 725 but we had established older credit accounts to go with the new credit.
Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)