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tresa
Joined: 28 Aug 2008
Posts: 5
Location: MN
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| Posted: Wed Sep 03, 2008 12:24 am Post subject: Pulling Credit? |
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| Do all mortgage companies pull credit within 30 days of closing? My credit was pulled about 30 days ago but now I am within 23 days of closing, my broker did not tell me this and I have opened a few new credit lines since then which are not showing yet, should I ask him to pull it tomorrow or is this a myth? I am in MN and am doing an FHA 3% down. |
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Infinite One
Joined: 27 Aug 2008
Posts: 5
Location: Huntingdon Valley, PA 19006
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| Posted: Wed Sep 03, 2008 1:50 pm Post subject: |
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| How many times have they pulled your credit now? Typically it's pulled once for approval purposes. Were they hoping it had improved? What was the reasoning behind it? |
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tresa
Joined: 28 Aug 2008
Posts: 5
Location: MN
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| Posted: Wed Sep 03, 2008 1:57 pm Post subject: |
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| They have only pulled it once and my mid score was 642 which was fine and I only had one medical collection from 2004 which is really an issue between the hospital and the insurance company. Then I had a friend who told me she lost her house because her credit was pulled 10 days before closing and she freaked me out. I have opened a couple of new lines since they pulled my credit in late July to buy furniture and stuff but my DTI was only 20% including the house and I have only spent 2K. |
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Infinite One
Joined: 27 Aug 2008
Posts: 5
Location: Huntingdon Valley, PA 19006
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| Posted: Thu Sep 04, 2008 1:48 pm Post subject: |
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| You should be fine. They may have made a mistake with her loan, possibly spelling her name wrong or having a digit off on her social...These are reasons why they would have to re-pull her credit. Your credit report is good for 90 days. So try and rest easy, you should be fine. 8) good luck! |
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