topic Re: Closed!!!! w/Dispute comments, Late chg & INQ's in Mortgage Loans

Closed!!!! w/Dispute comments, Late chg & INQ's

gemini611 — Fri, 29 Jun 2012 03:58:58 GMT

Hi Guys,

My family and I closed on our home today, funded and received keys!! I've been a big time lurker, sometime poster but I appreciate all the info that I received during this time. I just wanted to say to people who are still going through the process that I started at a 580 credit score and within 7 months brought my score up to 717. During the last 12 months I had a 30, 60 and 90 day with HSBC that they REFUSED to GW, I had an NSF charge and my bank puts your YTD total so I had 2 for the year. I had dispute comments left that the CRA's would not remove, but the accounts were open with zero balances. I also didn't know we were going to purchase a home so soon so I went on a CC spree in April and had 10 INQ's. Getting preapproval for me with Wells and Chase was a waste of time b/c I went with a local lender who had the best loan processor in the world, I submitted my paperwork, with LOE's for the inquiries, lates, and a letter from HSBC stating the dipute was closed and that was that, closed and done!

Good Luck to all and don't get discouraged if you have a few blemishes in your file, they will look at your entire credit profile! Take Care!

Re: Closed!!!! w/Dispute comments, Late chg & INQ's

JusdoNit — Fri, 29 Jun 2012 05:05:58 GMT

FEELS GOOD,DANUNUNUNNA; SO GOOD...LIKE U KNEW THAT IT WOULD

CONGRATULATIONS! So very berry happy for ya

Re: Closed!!!! w/Dispute comments, Late chg & INQ's

Anonymous — Fri, 29 Jun 2012 13:37:47 GMT

Congratulations!!! Whooo Hooo!!!!

Re: Closed!!!! w/Dispute comments, Late chg & INQ's

Anonymous — Fri, 29 Jun 2012 23:53:03 GMT

Why do you say Chase is a waste of time? I submitted a pre-approval that included bank statment,credit report, 2 years ow2's, check stubs for the month, loe, alternate credit, ect o 5/24. I am working with a lender that had to broker it out to Chase because my husband had only one credit score. It was a 732, mine were 659,666,660. Still havent heard anything. The lender, whom I know said that they received an email on 6/6 that the application had been assigned to someone. They repulled our credit on 6/20. Why do you supose its taking this long. We are renting the home we want to buy. Our lease ends on June 30th and our rent increased to 950 from 850. I keep calling and emailing the lo. Im getting frustrated. Does anyone know the process for Chase / USDA?

Re: Closed!!!! w/Dispute comments, Late chg & INQ's

gemini611 — Sun, 01 Jul 2012 22:54:00 GMT

Thanks so much!

I said getting preapproval with Chase and other big banks like I did was a waste of time for me b/c I ultimately did not go with them and my interest rate when I was shopping was 3.75 but I locked in 3.5 when I purchased so nothing negative to say about chase. I don't know anything about USDA mortgages but good luck to you!

Re: Closed!!!! w/Dispute comments, Late chg & INQ's

Booner72 — Mon, 02 Jul 2012 02:55:22 GMT

@Anonymous wrote:
Why do you say Chase is a waste of time? I submitted a pre-approval that included bank statment,credit report, 2 years ow2's, check stubs for the month, loe, alternate credit, ect o 5/24. I am working with a lender that had to broker it out to Chase because my husband had only one credit score. It was a 732, mine were 659,666,660. Still havent heard anything. The lender, whom I know said that they received an email on 6/6 that the application had been assigned to someone. They repulled our credit on 6/20. Why do you supose its taking this long. We are renting the home we want to buy. Our lease ends on June 30th and our rent increased to 950 from 850. I keep calling and emailing the lo. Im getting frustrated. Does anyone know the process for Chase / USDA?

IMO, this is an unacceptable amount of time for someone to not get back to you. That's well over a month. You need to get on the horn tomorrow and see what's up. This is very bad service. Let them know that you will be involved as the process goes on and if they can't communicate regularly then you will find a lender who can and will make the time.

Re: Closed!!!! w/Dispute comments, Late chg & INQ's

westo12 — Mon, 02 Jul 2012 21:49:43 GMT

I'm just curious, did you go FHA or Conventional? Did you have a lot down or a lot of equity in the home?

Re: Closed!!!! w/Dispute comments, Late chg & INQ's

gemini611 — Mon, 02 Jul 2012 23:03:03 GMT

Hi,

We went FHA, with 3.5% down the seller paid 5k in closing costs and we brought 6.7k to the table.

Re: Closed!!!! w/Dispute comments, Late chg & INQ's

westo12 — Mon, 02 Jul 2012 23:37:56 GMT

That's perfect, LOVE IT! I want to go with your lender & LO lol. Thanks for sharing, definitely good news..