Enrique P.
Is my lender being honest re: rates?
Hi all - In the process of purchasing our first home and had a question re: mortgage rates - I got a preapproval at 2.9% from Chase when my score was 760 and my wife's was 720. I'm now under contract and WE have zeroe...
Fausto Carosella
Version of FICO score
Hey Lender Friends,
Do you specifically know which version of the FICO score you use for qualification? — i.e. FICO score 5, FICO score 8 etc. — Is it typical for a lender to know or not know which one they use?
Xela Batchelder
Mortage Credit Rating not the same as Bank Credit Reports
Working on qualifying for a mortgage today. My credit rating is super high according to my Chase ap (experian), and my discover card (trans union). My score is super high (not sure it is safe to mention the score he...
Russell Brazil
What's Your Credit Score?
A huge misconception people have is that they have 1 credit score, or that they even have 3 credit scores. The credit scores that lenders use are from the Fair Isaac Corporation, FICO. Any scores attained from other...
Chris Martin
It's not possible? 850 FICO for a RE investor?
Many years ago, decades actually, people with high debt loads, like us real estate investors, could not achieve high credit scores. The algorithm would limit scores based on arbitrary absolute numbers, like $2,000,000...
Justin D Schwartz
Credit Problems?
Liz Weston: The best ways to build credit nowNEW YORK – Oct. 18, 2016 – Once, building credit meant taking on debt – sometimes expensive debt like a car loan or a credit card with a high rate.Today, it's possible to ...
Tom Henderson
Credit Inquiries
Hello team!I am going thru a couple refinances on my rentals-- a quad and duplex in particular. I recently read somewhere, that if there are multiple hard pulls on your credit within a 2 week period, that the credit b...
Bridgette I.
Are there really consumer FICO scores and lender FICO scores?
Experian says my FICO is 816. My lender showed me my credit report that she pulled and Experian says my FICO is 695. When I asked my lender about this, her reply was that there's a consumer FICO and a lender FICO th...
Will F.
Shopping Residential Loans
It's been a while since I've shopped a residential loan (last few have been commercial). I'm actually house hacking a three unit and need to pull out an owner occ residential conventional.In the past, I just went th...
Jamal White
Credit Karma
I have a fellow question for you fellow bigger pocket people? Is credit karma accurate FICO score?