Posts: 86
Registered: ‎06-14-2010
Re: Mortgage docs - explanation of inquiries ??

Thanks for the info.  I'm not sure on the strength of my file, my scores are below.  I have no lates in the last 4 years; this is the only issue that came up (so far), and they are asking for the LOE before my file gets sent to underwriting.


If the underwriter balks at the new accounts, would it be acceptable to close the accounts? 


The truth is I was not planning on buying this year but a really good opportunity came up.  I didn't app for new accounts because I needed them for any specific purpose...I just wanted to season my file a little before apping for a mortgage "next year".  Now suddenly "next year" becomes "this year" and i'm in trouble!!  Arrrggghhh.

Starting Score: 3/2010 - TU = 635 EQ = 620
Current Score: 10/2010 - TU = 699 EQ = 743 EX = 709 (LO pull)
Goal Score: 1,000,000

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