Please help me understand...Of course it's EQ, who else?

[Anonymous]

I just got a HELOC from Ditech using stated income, and mid-score over 680.

I was amazed. many banks/lenders told me that no one was doing them now, in this credit crunch.

but i applied to Ditech Aug 20, 07 and did my closing yesterday (Aug 27).

[Anonymous]

What is the Rate and closing costs?

[Anonymous]

---

Timothy wrote:
Accounts with balances is a funny thing-

it seems I get hit with the when either:
more the 50% of my accounts have a balance
10/22

---

BINGO!  (Except this time I won a bag of lemons!)  3 out of 6 of my cards have a balance...one larger than I'd like but the other two small.  What a crappy reason to drastically lower one's credit score.  I don't want to play this game anymore...it's too depressing.

[Anonymous]

Househunter... if it makes you feel any better, I took the same hit. Under 9% utl, but balances on more than half of my cards and 2 new accounts/inq TU 647 to 614