New Member
tryingtobuyahome
Posts: 9
Registered: ‎03-10-2012
Re: The mortgage pre-approval process

Hi Shane,

 

I am currently in the process of trying to buy a home and went to a mortgage broker who pulled my cr's and said there was no score available. (Credco I believe was what the inquiry listed as). I have paid everything in cash for the past 12 years after getting into some financial troubles but new I would need to establish some credit so opened a credit card with cap 1 back in Jan. It  has now been reported for a month so the broker did a re-pull but it's still not showing a score even though I have a score with all 3 bureaus. The broker doesn't seem to have any experience in this situation and I have no clue what else I can do to increase my score and my ability to obtain a loan. I owned a home about 14 years ago but of course all of this has dropped off of my reports. The broker mentioned looking at rental history, utilities, etc. but I rent a room so none of that is in my name.

 

Scores:

EQ:589 as of 2/26 --607 as of 2/29

TU: 584 as of 2/26

EX: 593 as of 2/26