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Mtg Score from Pre-Approval or updated?

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Mtg Score from Pre-Approval or updated?

I am in the process of a new construction build. I entered contract in September, and was pre-approved + loan committment in October 9, 2018 with mortgage score of 674. Since then, (5 months) I've paid off all my credit card debts and my mortgage score has increased to +/-750 with $670 less monthly obligations (due to paid off cc's), my question is, will the Lender use my updated score & DTI once home is complete and we being the closing process? Or will they use what they had during my pre-approval to be conservative? 

 

We're doing a 5/1 ARM, bank statement only program. 

 

 

2 REPLIES 2
Regular Contributor

Re: Mtg Score from Pre-Approval or updated?

Anyone? Smiley Sad

Message 2 of 3
Regular Contributor

Re: Mtg Score from Pre-Approval or updated?

This will be updated score in your loan scenario. Your credit may have already expired according to information provided. 

Message 3 of 3
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