Re: Mortgage docs - explanatio
n of inquiries ??
10-22-2010 09:42 AM
OK, thanks, good to know. So glad I have these forums to calm me down and answer all my questions because I have so many. I think at this point i have read nearly every thread on the mortgage board.
I have some open subprime accounts - first premier (2) and an orchard bank account that I was planning to close as the annual fees became due....and use these two new accounts as my only CC's. Now that i'm apping for a mortgage I'm not going to do anything with them but that was my initial plan. For now I'll just leave everything as is. Once I get a house I will be closing out the subprime cards since I never use them anyway.
All o fhte new accounts originating from the inquiries are showing on the CRA's so I'm guessing they're factored into my score...?
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
Take the FICO Fitness Challenge