Rebuilding and Signed-Up for Ultimate 3B!

[Anonymous]

Hello, everyone! Long time lurker and finally new subscribing member here as of today.

Goals:
Refinance mortgage before 2017 ends.
New car by summer of 2018 (this is a FAR second).

07/07/17 Credit Scores
EQ 707
TU 694
EX 700

Credit Cards
AMEX Optima Platinum (1998) $7K
BofA Cash Rewards Visa Platinum (2016)
CapOne MC (05/2017) - $49/$200
AMEX Platinum (07/2017)
Discover (07/2017) - $10K SL

Would like to have another Visa for travel and either an AMEX PRG or BCE.

Thanks for reading! Please do not hesitate to point me to the right direction!

Sleeping Better in SF already!

[rmduhon]

Are those your mortgage scores or Fico 08s? What are the balances on the cards? Any derogs at all?

[Anonymous]

Thank you for the insight. The scores are FICO 8's. There are no balances on the cards anymore, but the reports say $1,600+. No derogatory marks.

I got declined refi last month when I owed less than $5K in credit cards (2 then, high utilization). Total CC line of credit was $5,400, now $23,200 not counting the AMEX Platinum.

No. 1 reason for declined application was late payments on mortgage. I recently wrote a letter to lender earlier this week. 94% on time. In good standing now.

[rmduhon]

Let 1 card reports a balance of about $15 of that card's limit . You get penalized for having no cards reporting a balance. That'll optimize your scores. What are your mortgage scores?

[Anonymous]

Oh, wow! See, I learned something new again. Will definitely use each card for small household expenses and PIF each month. I'm still learning to be frugal. Thanks.

Mortgage Scores 07/07/17
EQ 720
TU 682
EX 702

Your input is much appreciated. Thanks for taking the time.

[rmduhon]

Mortgages normally use the middle score which is 702, which is awesome.

[Anonymous]

If my goodwill letter to OCWEN becomes a success, my scores will improve. I read on another thread that one of our members had success recently. Crossing my fingers and praying.

I cannot thank you enough. Hopefully, I could be of help to someone here soon.

[Anonymous]

07/17/17 Update

Credit Scores:

EQ 735

TU 720

EX 716

Mortgage Scores

EQ 720

TU 682

EX 702

Nothing from Ocwen yet regarding exclusion of late payments.

[Anonymous]

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@rmduhon wrote:
Mortgages normally use the middle score which is 702, which is awesome.

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Thanks again for the info! 

January 2018 remains the target. Hopefully the rates stay low for a mortgage refi.