Ideal AZEO balance for mortgage pulls??
any info will help.!! Got Pre approv by FBC for a Freddie mae on a New Construction loan 3.5% and my current Mortgage score is 760++ and UT is prob 4-6% now . I will SIgn July1st to start building then close 8 months later so they will pull 2xs in 10 months closing march 2021wondering what the right numbers are .
Thanks ..
@ironchef wrote:Ideal AZEO balance for mortgage pulls??
any info will help.!! Got Pre approv by FBC for a Freddie mae on a New Construction loan 3.5% and my current Mortgage score is 760++ and UT is prob 4-6% now . I will SIgn July1st to start building then close 8 months later so they will pull 2xs in 10 months closing march 2021wondering what the right numbers are .
Thanks ..
The optimum revolving utilization number of accounts for your mortgage scores is to have one card reporting a small balance while the others report zero balances. Make sure the one you're relying on to report a balance is not a Chase card, because Chase reports off-cycle if an account is paid down to zero.
thank you for your input. This gererally is how i have my accounts