Are there special mortgage rates for over 800 FICO scores
saphire
17 years ago
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kudzu9
17 years agosaphire
17 years agoRelated Discussions
credit score ???'s
Comments (18)Here is my 'guess' and it is just that...a guess. Concerning 2 and 3. refinanced my mortgage early in 2005 to a very good rate. This now shows as a 'new' loan, and it has not been paid down much in one year, by their way of thinking. I have about $160K in untapped equity (no HELOC or anything), in what remains If I understand you correctly, you have equity in your home, but have not applied for a HELOC on it. Right? They don't have any idea really then that you have that equity...right? Now this is just a 'thought' but you might want to pay off the car loan with some of that equity in your home, and then concentrate all your efforts toward paying off the HELOC. I imagine there will be some who will say 'NO' to doing that though. I applied and was approved for a HELOC a few years ago, but have never tapped into it. I 'thought' I might want/need it to get the driveway paved, but found another way that was interest free for a year and that was all I needed. I might add that I have no loans 'open' at this time and no revolving credit 'owed', as CC are paid off each month. My guess is that once the car loan is paid, that your score will improve significantly. In the meantime your score is a high B, which is still miles above the norm. Sue...See Moreimprove fico score by canceling cc's?
Comments (17)The credit report says "Too many open accounts", as 'househunting' has stated. (well something like that) I have about 7 open, 3 with balances. I don't remember my fico - at least 760 but under 800. Thx for all the info here. I haven't read it ALL yet, but I will certainly look into reducing cr limits rather than closing...altho, there is one I know I can close. The 'average' history time is something to keep in mind. My credit report looks really messy and confused. I've found that ONE of my cc accounts 'appears' on report like 3 or 5 times! So, it looks like I have more than I actually do. This is due to banks/financial mergers/buyouts, and the company changing the cc accounts #'s for one reason or another. For example: I had cc 'A' several years back which I had used and paid off. Then another company took over bank "A" - The company sent a new card with new company name on it. which is now cc 'B'. (cc 'A' is no longer valid) Then company "B" upgrades my account after some time, sending me a new card with new acc't # (cc "C" - "to REPLACE existing card". (I never used bank "B" or "C" cards.) Another company takes over company "B", sends me new card with *their* name. Now I have cc "D". After awhile, company "upgrades" my account, "to replace existing card". Now I have cc "E"...which I have used. So, my credit report reflects 5 cc's, but in reality only ONE cc has ever been valid. It's not like I 'applied' for all these. They just kept sending them automatically to REPLACE another. This also happened recently with a major bank cc...I had had the same acct # for over 25 years, and suddenly they sent a cc with a new acc't #. When I called about this, they said they were changing ALL customers' account #'s. SO, my credit report reflects TWO accounts, when the card is actually the same. (And it really IS the same. I can call and enter my OLD acc't # and the same exact info is reflected...such as balance, pymt rec'd, etc. Well, I paid that one off Nov...so I don't know now. For two cards and two accounts, my report LOOKS like I have/had SEVEN different accounts. (Which I DID, but, not really....does that make sense?) OK, now I'm really mad since I've written this out LOL! It never occured to me how updated/replacement cc's could mess up one's cr report! I wouldn't be able to rent from 'househunting', because it appears worse than it really is! HA! OK, then I have another problem with old Dept Store CC's showing up...The stores have merged or no longer exist, yet they are still on report. (An example would be *like* Robinson's/May...I had a Robinson's card, and I had a MayCo card. I only used them each once for work gift exchange!, and I've never had a 'Robinson's/May' card.) I haven't used many store cards for at least 15 years! I have used Penney's and Mervyns', but closed those out years ago (when I found out they also accept visa/mc) Guess it's going to take a lot......See MoreCancelling credit cards & credit score
Comments (10)Everything I've seen/heard about this is not to cancel credit cards. Cancelling them does affect your credit scores. That said, at one point I had 3 separate credit cards issued by the same bank. I use only one and pay the balance in full every month. I have received letters from the bank requesting that I either use the cards or said cards would be cancelled effective 30 days of the receipt of said letter. I didn't use them, and those accounts have been cancelled. DH hates credit cards and prefers to pay cash for purchases. I did check with the 3 credit bureaus regarding whether the cancellation by the bank for lack of use of those two cards would affect our credit scores. All three claimed that it would not, and I did manage to obtain fax confirmation of that assurance. I did pull reports at 90 days after their cancellation, and our scores hadn't changed. Unless the card company contacts you about cancelling for lack of use, I wouldn't cancel....See MoreOne home, one couple, two different mortgages possible?
Comments (40)can't believe this thread is still out there lol. No matter, I wound up getting a gorgeous house after receiving a large promotion and got to use my spotless credit for a great rate as well. Thanks to those who tried to help with a serious question, a big middle finger to the ones who decided to be rude for no apparent reason but to get their jollies off....See Moremyfask
17 years agoPipersville_Carol
17 years agoagnespuffin
17 years agodave_donhoff
17 years agomisterz
17 years agodave_donhoff
17 years agosaphire
17 years agoteresa_b
17 years agomyfask
17 years agoteresa_b
17 years ago
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