cancel
Showing results for 
Search instead for 
Did you mean: 

How long until my mortgage reports?

Highlighted
Contributor

Re: How long until my mortgage reports?

I don't know what to say about the calculators Booner and AMS.  Our general credit profiles are similar especially Booner's so I don't know why it's saying yours will go down when both my wife's and mine (FAKO that is) have gone up.  I know that my myFico pulled EQ report is showing the mortgage, that it's the only change to my report since the last score pull, and that my score went from 626 to 657.  +31 points.  I'll be curious to see what happens to your scores.  Please keep us posted.

Message 11 of 23
Highlighted
Senior Contributor

Re: How long until my mortgage reports?

Oh u know it.

 

I just went from 635 to 627.  We refi'd our truck and the new one hit.  The other one had reported a zero balance.  So this is definitely due to AAoA loss (and possibly the inquiry damage from the car purchases hit?  It hasn't been a month though since the first one so maybe not).

 

I'm going to bet I get pretty close to 600 when that mortgage hits.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 12 of 23
Highlighted
Established Member

Re: How long until my mortgage reports?

I'm still waiting....anyone have their mortgage reported yet?

Message 13 of 23
Highlighted
Senior Contributor

Re: How long until my mortgage reports?

Thanks for bring this post up, ams.

 

I just called again yesterday and the CSR and Wells said they wait 90 days - she says they do this to make sure everything is correct so that the customer doesn't get dinged credit for some bank screw up.  That makes sense to me.  I told her I heard it was after the 3rd payment, she says "NO, 90 days."

 

So I'm still waiting.

 

Score sim says I'll lose 30 points.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 14 of 23
Highlighted
Established Member

Re: How long until my mortgage reports?

Cool! Thanks for the info...90 days will be 12/12 for me so I should know any time...actually 90 days should have been 11/12 if they go from when the loan was funded....I guess it's still a waiting game.

 

FICO Simulator indicates between a 15-point drop to a 5-point gain...FAKO Simulator indicates a 59-point drop. I hope FICO proves to be correct Smiley Happy

Message 15 of 23
Highlighted
Senior Contributor

Re: How long until my mortgage reports?

WOOHOO BABY!!

 

The mortgage hit TU - Credit Karma went up 13 points.  BTW, I usually don't check Vantage score but it's up 75 points since May, for whatever that's worth.

 

COME ON SCOREWATCH! !  Send me some LOVE today!

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 16 of 23
Highlighted
Senior Contributor

Re: How long until my mortgage reports?

IT REPORTED!  Just got SW alert.  I knew Saturdays rocked.

 

I got 9 points, so I'm back up to 635. 

 

That STUPID score simulator said I'd lose 5-35 points.  Guess not!

 

YAY!! My mortgage reported!!  And I got good results, too.  Off to scour my new report now.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 17 of 23
Highlighted
Established Member

Re: How long until my mortgage reports?

Thanks for your update. Just checked and mine reported too...FAKO indicates 39 point loss to 708...better than expected...I'll check my FICO next.
Message 18 of 23
Highlighted
Established Member

Re: How long until my mortgage reports?

And an 8-point drop to 758 on Equifax...I'm happy with those results...more than happy to be in my new house so I'll take any result now that I have my dream Smiley Happy Congrats to you Booner.
Message 19 of 23
Highlighted
Contributor

Re: How long until my mortgage reports?

Congratulations Booner!  That's great news about your mortgage reporting AND the BOOST in FICO.  The simulator was telling me that I would lose as much as 10 points or potentially gain as much as 30 points.  That thing is fairly good at predicting what your score will do when you pay down CC utilization but I think the algorithm is screwy where mortgage factoring is concerned.  

 

 

Message 20 of 23
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.