Ready to start mortgage process...3 separate lenders not wanting to do rapid rescore

[chasmith]

Try going to a NACA Homebuyer workshop.  NACA isn't score driven, loans 100% at 30 yr fixed with no closing costs, low interest rates and no PMI.

You shouldn't need rapid rescore just a little time for reduced utilization to kick in.  As soon as the reolving debt you paid down reports, your score will reflect it.  Rapid rescoring is used for deletions of tradelines and that sort of major changes.

[homeowner2013]

Thanks JM/AM,  Trans Union is 2 months behind reporting our credit cards....Experian and Equifax seem to update more quickly with Experian being super fast. TU is killing me when it comes to updating monthly....in regards to Quicken, I thought that when doing a VA loan, fees from lender were set, that from one lender to the next rates could change, but not fees. I don't know - this is alot get straight. So thankfulf for this forum!!! Thanks again!

[homeowner2013]

Thank-you chasmith! I will look into that. Do you guys see housing prices surging much over the remainder  of 2013?

[JM-AM]

Do you use any CMS service (credit monitoring service)?

Its okay if you do not, but you can try to keep track of your TU changes with one of the free ones like Credit Karma. Just make an account its free and you can look at your TU changes. You do not need to worry about any scores with them as they have no bearing on anything as I am sure you already know. But it is a an idea to see how TU updates. You can do the same thing with Experian by signing up with Quizzle. Both are free services and do show changes to your accounts.

[chasmith]

---

@homeowner2013 wrote:

Thank-you chasmith! I will look into that. Do you guys see housing prices surging much over the remainder  of 2013?

---

I don't think you can perfectly time any market.  Real estate prices have largely slowed their decline and are rising in a few cities.  The hype is way outopacing reality, and there are a lot of folks locked in to the houses they'd like to sell who may put them on the market this spring, not to mention all the still pending foreclosures the banks are sitting on.

Rushing to pay too much for either the home or the mortgage is something you might come to regret.

[JM-AM]

Home prices have been increasing, but it depends on area.

The NACA program is a great program, and it is an excellent alternative if you have the patience and the available to time to deal with the workshops.

[homeowner2013]

I have monitoring thru Identity Guard? so $30/month for the 2 of us....did not know about the free monitoring? Thank-you!!

[tooleman694]

My TU report is the one that updates the most quickly, EX trails a little bit and EQ is even further.

And about home prices, OMG in my area they are rising like crazy. The house we are building we could no longer afford if we put in a contract to build right now. When we close, we are looking at about 140k in equity. We only put 20k down. It is just insane. Prices are rising faster then I can save.

[tooleman694]

Identity Guard is VERY slow, check out credit Karma for TU.

[homeowner2013]

Yes, I was told there are a ton of foreclosures just sitting in limbo, that the banks release them slowly. Definitely will look into Naca, and holy smokes! some type of free credit watch with TU and EX!! anything out there for EQ that is no cost? That would be too much for me in 1 day! I hope you folks realize what a value you contibutors are to buyers....your knowledge and helpfulness is A++++++++++++++............unlike my credit!