need to points to get a an increase on a home loan pls help!

[MarineVietVet]

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@Anonymous wrote:
Need some positive feed back. I need 2 point increase on my equifax to reach 700 fico. And by doing so I also will get an increase on my mortgage amount. My credit is as follows Cap1 zero owed Orchard bank zero owed Amex zero owed Barklys amex 100 owed of 4500 cl Merrick bank zero owed Sans club zero owed Discover zero owed Hyundai lease 3100 owed of 4400 Toyota finc 11200 owed of 22500 Im suppose to payoff or pay down toyota down to nothing in order to qualify for the amount I already qualified for now also the hyundai do you think I can get those 2 point by paying any of these acounts off Also I have one old chargeoff with merrick bank which im disputing right now as we speak plse give me some good news thanks!!!

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When is the last time you checked your FICO scores and where did you buy them? Or has a lender checked them recently? I ask because it's not unusual for scores to go up and down by more than several points even when nothing seems to have changed in your reports.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

Eqifax which is my middle score was checked on the 24th I have checked for a month prior to the 24 th and no change in fico. And I check it thru my fico

[Anonymous]

My lender pulled at the end of dec I don't want him to recheck due to hard inquiries.

[MarineVietVet]

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@Anonymous wrote:
My lender pulled at the end of dec I don't want him to recheck due to hard inquiries.

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I can understand that.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[AndySoCal]

The problem is this with the account in dispute you do not know how much more of an impact on your scores it will have. If the charge off with Merrick is not paid try to arrange a payment in exchange to stop reporting the account.  Another strategy to think about is looking at  is the credit bureau with your lowest score. Is there anything that can be done that could raise that score to be your middle score? I edited my resposne after seeing some additional posts.

[Anonymous]

No I settled the acct 4 years ago doesn't report to transu my fico is 730 but experian and equifax both still on there. My equifax is my mid 698 tick and when mortgage guy pulled experian was about 685 if I can remember right. Both report the same and transu doesnt have merrick bank. That's why I thought if I could get it ff I should be above 700 fico.

[llecs]

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@Anonymous wrote:
Llecs yea im going fha. I will be done with my dispute before any process is started. So what your take on what to do if you be in my shoes?

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I'm a chart-numbers guy. I would create a spreadsheet showing the age of each OC account and figure out (and compare via the FICO reports) the AAoA on each. I would also track out the age of the oldest installment, oldest revolving, and oldest TL overall. Sometimes you'll see score bumps when you hit an account anniversary. I did that with mine after I did everything I could aside from util. Sure enough, I was able to predict a couple of key increases which put my scores into the 700 range come app time (or close to it), though in the end it didn't matter. Most of your score changes will occur on the first of each month as the new TLs turn a month older.

BTW, why 700? You can still get the same rate with a lower score.

[Anonymous]

The home im buying is 275, I am qualified for 255 he can qualify me for 10k more if my mid score is 700 and above my rate is the same.

[Anonymous]

Okay I just did a quick check of my accts I have one cc turning year old on 2/14 then both of my car planks 5/02 and 5/31 every thing else is end of the year

[llecs]

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@Anonymous wrote:
Okay I just did a quick check of my accts I have one cc turning year old on 2/14 then both of my car planks 5/02 and 5/31 every thing else is end of the year

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Do you have any newer accounts? If not, I'd expect a nice score bump on 2/1 or by month's end at the latest.