Is there any new type of account that can be opened that would add 15-20 points to the Mortgage scor

[Focker69]

Hello all,

I'm sitting in the 660 range with some negatives and some positives. Trying to get over 680 quickly and was wondering if there is any type of new account that can be opened that would increase the Mortgage version of the score.

Any input is greatly appreciated!

[Horseshoez]

I don't believe such an account type exists unless you can come up with an existing financial institution who will extend you credit with no hard pull.

[CYBERSAM]

---

@Focker69 wrote:

Hello all,

I'm sitting in the 660 range with some negatives and some positives. Trying to get over 680 quickly and was wondering if there is any type of new account that can be opened that would increase the Mortgage version of the score.

Any input is greatly appreciated!

---

How many open revolving accounts do you have? You can achieve AZEO to boost your score depending on what you already have.

Adding any new account would lower your score for next few months for Age of Accounts, New accounts, New Inquires... So that's probably is not a good idea for short term.

[FireMedic1]

Need more info. How many cards now? How many have balances? Util %? Any installment loans? What are the baddies w/dates. Too generic and nothing is fast with scores.

[SouthJamaica]

---

@Focker69 wrote:

Hello all,

I'm sitting in the 660 range with some negatives and some positives. Trying to get over 680 quickly and was wondering if there is any type of new account that can be opened that would increase the Mortgage version of the score.

Any input is greatly appreciated!

---

No. Opening accounts will only hurt your scores, not help them.

[Thomas_Thumb]

---

@Focker69 wrote:

Hello all,

I'm sitting in the 660 range with some negatives and some positives. Trying to get over 680 quickly and was wondering if there is any type of new account that can be opened that would increase the Mortgage version of the score.

Any input is greatly appreciated!

---

For mortgage Ficos; being added as an Authorized User to an account in good standing with low utilization, perfect payment history and lengthy credit age (say 15+ years) might boost your score. AU accounts always count in the older Classic Fico 04 and Fico 98 models used for mortgage evaluations. If the AU account is substantially older than any of your accounts, the added age will be beneficial. If the credit limit on the AU account is high and it reports very low utilization every month, that will be helpful - particularly if your current aggregate credit limit is relatively low by comparison.

I don't believe you will receive a hard inquiry if someone else adds you as an AU to their account. Someone who has been added as an AU in recent years should confirm the no HP for you.

The "mortgage Ficos" in particular want to see most but, not all revolving accounts report zero balances. For Fico 98 (EX score 2) charge cards like AMEX are evaluated as revolving accounts with UT = B/HB where HB is the highest balance on file - so pay off balances on these cardss before statement cut dates.