Ok now what's next??? pre approval first time program which step first
Ok so I checked my mortgage scores so should my next move be to go to a loan officer for pre approval? Will the loan officer find these programs like sonyma fha or other? My wife hasn't checked her...
View ArticleDo we qualify for a mortgage
1. Mortgage Credit Scores: What are your fico MORTGAGE credit scores for each mortgage applicant? His: 699, 637, 6172. Credit Negatives: Type: Charged off auto loan $2,994Status: Unpaid, account closed...
View ArticleCommunity Property State
I have a good credit but spouse don't have as good with a couple of lates. In a community property state do they look at lates or just the overall debt?Getting ready to head into underwriting and I'm...
View Articledon't understand - fico score 8 dropped but mortgage scores jumped?
Hi. I am trying to aggressively repair my credit to qualify for a mortgage. This is where I was a week ago:EQ Fico 8: 598TU Fico 8: 588EX Fico 8: 583 The mortgage scores were something like, 613, 623...
View ArticleMortgage Scores
Just and FYI....in case you were wondering. Last week I pulled my 3B report on myFICO. I then began a discussion with my current lender about refinancing and I pulled the trigger and started the...
View ArticleMortgage Reporting
I thought that my mortgage would start reporting around the time I made my 1st payment. I was shocked by the new account alert this morning. So far no huge drop in fico.
View Articleper-qualified hard pull and your scores
Hi,Was just wondering, if you get per-qualified with a lender, they do a Hard-Pull and are approved but you never proceed any further (not able to find a house you like or whatever) how much does that...
View ArticleClosing Costs
Okay folks. I know some of you are Realtors in Florida and some of you are Mortgage lenders in Florida, so I would appreciate your answers. Is there a State law which specifies who pays the closing...
View ArticleJumbo loan
Hello trying to get jumbo loan but my credit sucks, income is ok, no debt ratio issue, planning to buy in December and February 2017 time frame mmortgage Fico 5 (mortgage) is 556, TU is 595 not sure of...
View ArticleBuying a car shortly before applying for prequalify
I have a BMW M2 on order and we are planning to sign for a new construction home shortly after it arrives late summer/early fall. WIth the payment and mortgage payment our DTI will be under 30%. We...
View Article678 Vs 680 Credit Score on a Conventional
Hello,I got Pre-approved back in March for a conventional Mortgage. My middle score was 680 at the time.After the hard pull for the mortgage pre approval my score dropped two points to 678.I am in the...
View ArticleMortgage Scores
Hi everyone, A little frustrated. My FICO scores are: EQ - 668TU - 698EX - 720 My FICO mortgage scores are: EQ -675TU - 672EX - 647 Is there something that I can do pull up my mortgage scores? Why...
View ArticleGetting a Construction Loan, when you is acting as your own general contractor?
I am wondering would the banks lend me money to build my own home with me acting as the general contractor? I will put down 3.5% for the FHA construction loan or 5% for a regular construction loan.
View ArticleChild support considered a monthly debt?
I'm trying to see how much house I can afford. Online calculators are confusing, if I make 60K a year = $5,000 a month and pay $1000 a month in child support does it mean they will consider my income...
View ArticleMY CREDIT IMPROVED - SHOULD I HAVE THEM PULL MY CREDIT AGAIN?
Hey Folks, So here's my scenario - I've been working on my conventional cash-out re-fi for a while.The first CR was pulled in March and since then I have been steadily paying downmy debt. I had...
View ArticleHELOC vs PLOC from a credit union
I am cleaning up my profile while I garden after my recent SCT approvals with Wayfair, Ballards and Amazon. I am trying to position myself for a HELOC app at the end of this year or next spring....
View ArticleGrace period on app'n for CC's for Mortgage
Tomorrow I'll be signing contract with Realtor to get my house listed. I am looking to buy a new home in the near future. I haven't started working with the LO yet because I wanted to work on my FICO...
View ArticleIs it time to try to qualify for an FHA loan?
I only have about a 3.5% down payment available and understand that interest rates are enough lower with an FHA loan that I could just suck it up and deal with PMI. My middle mortgage score, Experian,...
View ArticleNeed advice - How to compare loan criteria
I'm approved for a cash out refinance and have two loan quotes. I'm looking for advice on how to compare the two options. Can anyone point me to an article or calculator that would help me decide...
View ArticleUAMC Mortgage - Do they pull credit before closing?
Anyone here go through UAMC with Lennar homes?If so, did they pull credit anytime after the first initial pull? Such as, did they pull it right at closing or right before giving a "clear to close"?
View Article
