UPDATE: CLEAR TO CLOSE!!!

[jwpezd]

Got my email today loan is  clear to close!  should get a hud by wednesday close on monday April 1!!!!  The lender did tell me that there will be a credit refresh within 3 days of closing.  I had posted some concerns about a paid and closed new account i talked to the lender about it today and he said should not be an issue at all....  Am i finally okay????

[playboy]

Well it certainly sounds like you're ok.  I read your last thread and if the issue comes up you have the letters so don't worry yourself silly.  Prepare for you close.

[Anonymous]

Sounds like your good. Who is your lender??? Its rare to do a refresh at this point, you sure they are not doing a GAP REPORT, which does not show scores?

[Anonymous]

Congrats! I told you everything would work out.

[jwpezd]

Yeah I am pumped. The lender did say that they will do the gap report three days before close. I explained to him the new account and that has letters showing it was paid and closed as well as a receipt for my payoff. He said it won't be an issue an to keep the letter just in case. Finally now I can really start packing an getting excited. Thank you guys for being there. I hope I can be as helpful to a new buyer like you all have been to me. I really in no way shape or form would be getting this house if it wasn't for this board.

[Kozmo]

Congrats!


Hopefully my appraisal comes back today and I should have a conditional approval any day now.

Good luck!

[Anonymous]

Congratulations!

[Epcot]

That's great, Congrats!

[jwpezd]

question:  What exactly do they look at on a gap report?  I do use my cash rewards card for all gas purchases but i immedietly pay the bill as soon as it posts online.  i run about 400 to 500 a month on the card but it never reports a balance because i pay it immiedietly after charging the gas.  Do they look at if you are using your cards or if you had like new new accounts added? 

[tooleman694]

I too had the same concern and I was told they are looking at if you open new accounts. That means dont go getting a new lowes card or buying a 50k BMW.

If you use your cards, just pay them down.