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First time Home Buyer giving stats

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Regular Contributor

Re: First time Home Buyer giving stats

I appreciate it!  Congratulations and enjoy your new home Smiley Happy <3

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Starting FICO 8 Scores 5-5-19

Current Scores

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Message 31 of 39
Established Contributor

Re: First time Home Buyer giving stats


@SleeplessinMA wrote:

I've been a member of these forums since the beginning of May, Cassie Card, and you and Girlzilla88 have posts that are so helpful!  I am about a year and a half out from applying for a mortgage but have seen so many insightful posts!  I just have to sit on my hands so that I don't APP again!! LOL!   I see you live in MA, Cassie, like me.  What part of MA are you looking to purchase a home in? 

 

Thanks for these posts, and keep them coming! 


Thank you. Smiley Happy

 

I used to live in MA for a long time, then moved to NH. But now I'm in the middle of the country working at a startup tech company.

 

I want to buy a home back in NH near the seacoast, something like Stratham or Exeter. My target year is 2022. It's hard to find something around $300,000 there, but not impossible. I'm all set for a $500,000 home with 20% down right now, but that's not really optimal due to some remodeling I'd like to do.

 

I see in your signature that you are at AAoA 5yrs with AoYA at 1mo. I'm really interested  in seeing if you get some sort of score increase at AoyA 3mos like I did. My EX 8 went up +23pts at that mark, but this is probably only because I am new to credit in general. Many others on this forum have seen around +10pts at that age though.

 

Definitely do not apply for a new card now! If you let everything age from where you stand right now, you're going to be in a GREAT position for a mortgage!

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

New CRADIS contacts, bearing 1 carom 10. Just think of EQ, TU, and EX as Cylon Basestars.

Message 32 of 39
Regular Contributor

Re: First time Home Buyer giving stats

I used to live in MA for a long time, then moved to NH. But now I'm in the middle of the country working at a startup tech company.

 

I want to buy a home back in NH near the seacoast, something like Stratham or Exeter. My target year is 2022. It's hard to find something around $300,000 there, but not impossible. I'm all set for a $500,000 home with 20% down right now, but that's not really optimal due to some remodeling I'd like to do.

 

Both are beautiful towns, I'm sure you'll fall into something amazing up there, when the time is right. I've thought of NH myself, I only live 10 minutes away from Salem NH, but I am at the age now where I hate snow.  Smiley Happy  You'll be in the right place at the opportune time

 

I see in your signature that you are at AAoA 5yrs with AoYA at 1mo. I'm really interested  in seeing if you get some sort of score increase at AoyA 3mos like I did. My EX 8 went up +23pts at that mark, but this is probably only because I am new to credit in general. Many others on this forum have seen around +10pts at that age though.

 

I am interested in seeing how that plays out as well, I'll be sure to let you know when it's time.  Maybe you can help ME figure out the how's and why's of it.  You're amazing and thorough in your stats, they amaze me for the amount of time you've been building your credit!  I've been lurking since the beginning of May, and have been through a lot of posts in these forums.   Such a wealth of information, I wish I found this site 10 years ago. 

 

Definitely do not apply for a new card now! If you let everything age from where you stand right now, you're going to be in a GREAT position for a mortgage!

 

Oh yes, I am so done APPING for now.  Going to let things settle and see where we are this time next year.  I am planning a move to FL, (I'm 62 and semi retired)  looking to get someplace warm in my golden years Smiley Happy   I have a personal loan and a car lease ( 3 months old)  I know the optimum amount to get a good boost is 8.9% of the loan reporting, when I go for the preapproval.   I want the personal loan to have less than 10 payments on it so it's not factored into my DTI.   Nothing I can do about the lease but at least I will have one loan down to that figure.

 

Hope you're having a nice weekend, and I'll keep an eye out for your posts.

 

Thanks Smiley Happy

 

 

 

My Wallet


Installment Loans






Starting FICO 8 Scores 5-5-19

Current Scores

Starting Mortgage Scores 5-5-19

Current Mortgage Scores












Message 33 of 39
Moderator Emeritus

Re: First time Home Buyer giving stats


@Girlzilla88 wrote:

*another side note*     FINAL STATS after closing APR 3.875%, Principal Balance $251,973.24 with Escrow (definitely recommend doing that) Escrow Balance 2,854.91 so Principal is 372.96+Interest is 813.66+Escrow is 518.39 = $1705.01 monthly payment but please keep in mind I only had 10k down payment if I had the 20% down my payment would be a lot cheaper and middle score of 715 with Less than a Year average of History but I also had no late payments and no derogatory marks Smiley Happy    


Nice!  I don't quite agree with you on Escrow (I just view that as a source of problems that I can deal with easier myself, plus I can play property tax timing games to help optimize some deductions heh) but that's a pretty nice rate.

 

I'm still sitting on the fence about refinancing currently, if rates do continue to drop I suspect I'm going to pull the trigger and cut my monthly payment by like 900/month at this point refinancing to a 5/1 ARM or whatever before I start hammering the balance.  Just need to find a lender that offers decent rates without a terribad fee structure heh.

 




        
Message 34 of 39
Moderator Emeritus

Re: First time Home Buyer giving stats


@CassieCard wrote:

@Girlzilla88 wrote:

Your Scoreboard is very cool do you update it or does it auto update?!

It's 'semi-automatic'. Each month I manually enter the data for 33 credit scores which goes into a database on my computer.

 

From there I can generate any kind of chart, table, or graphic which I then upload to my profile.

Explicitly what app are you using to generate the graphic for your signature?

 

Really do like the consolidated information format and it fixes my OCD issue that I have with aligning my own signature line.




        
Message 35 of 39
Established Contributor

Re: First time Home Buyer giving stats


@Revelate wrote:

Explicitly what app are you using to generate the graphic for your signature?

I wrote it myself. It's a Universal Windows App written in C#/XAML for Windows 10. Really unfit for release. lol

 

Really do like the consolidated information format and it fixes my OCD issue that I have with aligning my own signature line.


Does this look acceptable? If so, copying the code below to your signature block in settings might make it happen.

 

I'd cut-and-paste your existing signature to somewhere else first, as a backup. I'm not sure what tags they allow in signatures here. I'm pretty sure the table tag is ok though.

 

BronzeSpade.png

 

<img src="https://ficoforums.myfico.com/html/assets/challenge.png" width="60" height="60" border="0" align="left">
<img src="https://ficoforums.myfico.com/t5/image/serverpage/image-id/33673iA9327A27227FE439" title="Bronze Garden Club Member" width="50" height="50" border="0" align="right">
<table>
    <tr>
      <td><img align="right" src="https://img.shields.io/badge/Starting Score-12/30/11-red.svg"></td>
      <td><img src="https://img.shields.io/badge/EQ FICO 5-561-red.svg"></td>
      <td><img src="https://img.shields.io/badge/TU FICO 98-567-red.svg"></td>
      <td><img src="https://img.shields.io/badge/EX FICO 2-599-red.svg"></td>
    </tr>
    <tr>
      <td><img align="right" src="https://img.shields.io/badge/Current Score-5/2/19-blue.svg"></td>
      <td><img src="https://img.shields.io/badge/EQ FICO 5-740-blue.svg"></td>
      <td><img src="https://img.shields.io/badge/TU FICO 4-767-blue.svg"></td>
      <td><img src="https://img.shields.io/badge/EX FICO 2-777-blue.svg"></td>
      <td><img src="https://img.shields.io/badge/EX FICO 8-794-blue.svg"></td>
    </tr>
    <tr>
      <td><img align="right" src="https://img.shields.io/badge/Goal Score-1/1/20-brightgreen.svg"></td>
      <td><img src="https://img.shields.io/badge/EQ FICO 5-740-brightgreen.svg"></td>
      <td><img src="https://img.shields.io/badge/TU FICO 4-740-brightgreen.svg"></td>
      <td><img src="https://img.shields.io/badge/EX FICO 2-780-brightgreen.svg"></td>
      <td><img src="https://img.shields.io/badge/EX FICO 8-830-brightgreen.svg"></td>
    </tr>
    <tr>
      <td><img align="right" src="https://img.shields.io/badge/Top Score-Ever-pink.svg"></td>
      <td><img src="https://img.shields.io/badge/EQ FICO 5-774-pink.svg"></td>
      <td><img src="https://img.shields.io/badge/TU FICO 4-767-pink.svg"></td>
      <td><img src="https://img.shields.io/badge/EX FICO 2-787-pink.svg"></td>
      <td><img src="https://img.shields.io/badge/EX FICO 8-827-pink.svg"></td>
    </tr>
  </table>

 

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

New CRADIS contacts, bearing 1 carom 10. Just think of EQ, TU, and EX as Cylon Basestars.

Message 36 of 39
Frequent Contributor

Re: First time Home Buyer giving stats

Sorry I've never refinanced a home obviously lol BUT if you do please make a thread and put updates or notes down so if anyone does want to or need to you can help out as well or maybe someone has and you can see what they say Smiley Very Happy

Starting Score: 537
Current Score: 725
Goal Score: 775


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Message 37 of 39
Moderator Emeritus

Re: First time Home Buyer giving stats

Oh jeez you smart Cassie!

I should have thought about putting it in a table myself, I use enough of them for organizing my score change data.

Thanks!



        
Message 38 of 39
Moderator Emeritus

Re: First time Home Buyer giving stats

@GirlZilla:

Oh no doubt, I think my own mortgage process thread went like 7 pages back in 2015 haha.



        
Message 39 of 39
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