does the fact that the house is next to rail track affect chances of getting mortgage for it? it's a new built block of flats in london.Mortgage for property by rail track?
Not if the property is properly appraised to reflect the value verses the actual cost. It will probably affect future sale of the property.
Friday, April 30, 2010
Mortgage and Auto Inquiries Pulled w/in 30 days are suppose to count as one as far as scoring goes, correct?
What if you think inquiries for mortgage and auto loans are not being calculated as one and your score is lowered because of it? How do you dispute this?Mortgage and Auto Inquiries Pulled w/in 30 days are suppose to count as one as far as scoring goes, correct?
it's 14days....and you can dispute the inquiries not the score.
equifax does online disputes for inquiries..
transunion and experian only takes mail disputes for inquiriesMortgage and Auto Inquiries Pulled w/in 30 days are suppose to count as one as far as scoring goes, correct?
That is not the reason for a lower score, it only contributes to it.
It sounds like two different items, as I never heard of a combined credit check for both an auto and mortgage loan.
Anyway, you can't dispute what really did happen.
How can you dispute it if its true? The bundling is really a courtesy. As far as I know it's 14 days, but I've heard 30 too. Inquiries are only 10% of your score so it really shouldnt make too much of a difference.
Auto finance is what I do for a living and it's 14-days not 30.
You can not dispute scores. The only thing you can dispute is your credit report. If your report is accurate then there is nothing to dispute.
The scoring systems do count multiple inquires for Mortgage and Auto Inquiries. However, your score is based on several factors. So it could have been lowered for other reasons, but since the scoring systems are extremely complicated and proprietary you will not know the exact effect they had. The closet you will come to is when you get your score it should include reasons why it was scored as it was. This will be both Negative and Positive reasons.
The link below is from the company that does the FICO score and can give you some information on how scores are calculated.
it's 14days....and you can dispute the inquiries not the score.
equifax does online disputes for inquiries..
transunion and experian only takes mail disputes for inquiriesMortgage and Auto Inquiries Pulled w/in 30 days are suppose to count as one as far as scoring goes, correct?
That is not the reason for a lower score, it only contributes to it.
It sounds like two different items, as I never heard of a combined credit check for both an auto and mortgage loan.
Anyway, you can't dispute what really did happen.
How can you dispute it if its true? The bundling is really a courtesy. As far as I know it's 14 days, but I've heard 30 too. Inquiries are only 10% of your score so it really shouldnt make too much of a difference.
Auto finance is what I do for a living and it's 14-days not 30.
You can not dispute scores. The only thing you can dispute is your credit report. If your report is accurate then there is nothing to dispute.
The scoring systems do count multiple inquires for Mortgage and Auto Inquiries. However, your score is based on several factors. So it could have been lowered for other reasons, but since the scoring systems are extremely complicated and proprietary you will not know the exact effect they had. The closet you will come to is when you get your score it should include reasons why it was scored as it was. This will be both Negative and Positive reasons.
The link below is from the company that does the FICO score and can give you some information on how scores are calculated.
What is MSF in terms of mortgage commitments?
for example, they classify mortgage commitments by the following channels:
MSF, branch, broker services, social housing, private label.
if you know what social housing and privaqte label mean too, that would be great. thanks!What is MSF in terms of mortgage commitments?
where r u located?
what are you seeking?
branch; one of many service sites
broker services; same thing--they
farm out to service providers whatever you need;
social housing? section 8
private label; contractor services.
MSF, branch, broker services, social housing, private label.
if you know what social housing and privaqte label mean too, that would be great. thanks!What is MSF in terms of mortgage commitments?
where r u located?
what are you seeking?
branch; one of many service sites
broker services; same thing--they
farm out to service providers whatever you need;
social housing? section 8
private label; contractor services.
Can you get a bad credit mortgage loan anymore?
Have a credit score of around 620-640. Past wage garnishment (a year ago) but paid off early. Past car repossession (reason for the garnishment.) Other small things charged-off. Only looking for a mortgage loan of $25K or less with $10K for down payment. With todays economy, is there any chance of finding a mortgage company? What kind of rates would I be looking at?Can you get a bad credit mortgage loan anymore?
won't says it's impossible - only a lender who can look at your actual data could say that - when people over 700 can't always get loans, I'd say the chances aren't great.
You have nothing to lose by checking into it though. Just go talk to a couple of lenders and find out. Having a down payment would be a huge help to you.
This site may help you to compare many lender at once
http://easymortgageadvisor.blogspot.com/
fill the form and you can get a free quote from Top Banks, Brokers and Mortgage Lenders
Hope this help,Can you get a bad credit mortgage loan anymore?
Your credit isn't actually ';bad';! Most FHA loans require a 620 midscore or above. The repo and garnishment are issues, but hopefully can be explained.
There still are many companies that have loans for people with rough credit....some are the ';hard money'; and others that are just a little more flexible. Of course, with these come a higher interest rate.
I would say that your situation is definitely possible - if nothing else you can try a private investor.
Good Luck!
Feel free to ask if you need any help!
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.
creditreport.imess.net - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
An FHA lender should be able to help you.
won't says it's impossible - only a lender who can look at your actual data could say that - when people over 700 can't always get loans, I'd say the chances aren't great.
You have nothing to lose by checking into it though. Just go talk to a couple of lenders and find out. Having a down payment would be a huge help to you.
This site may help you to compare many lender at once
http://easymortgageadvisor.blogspot.com/
fill the form and you can get a free quote from Top Banks, Brokers and Mortgage Lenders
Hope this help,Can you get a bad credit mortgage loan anymore?
Your credit isn't actually ';bad';! Most FHA loans require a 620 midscore or above. The repo and garnishment are issues, but hopefully can be explained.
There still are many companies that have loans for people with rough credit....some are the ';hard money'; and others that are just a little more flexible. Of course, with these come a higher interest rate.
I would say that your situation is definitely possible - if nothing else you can try a private investor.
Good Luck!
Feel free to ask if you need any help!
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.
creditreport.imess.net - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
An FHA lender should be able to help you.
Is it possible to obtain a mortgage if you do contract work?
They will probably just ask for 2 years of tax returns. That is the response I usually get when looking for mortgages.Is it possible to obtain a mortgage if you do contract work?
I didn't have a problem. 2 years back tax returns were good enough.Is it possible to obtain a mortgage if you do contract work?
Yep. You may be asked to document your income (i.e. tax records, etc.) and your credit score will be very important.the bees pop beauty
I didn't have a problem. 2 years back tax returns were good enough.Is it possible to obtain a mortgage if you do contract work?
Yep. You may be asked to document your income (i.e. tax records, etc.) and your credit score will be very important.
Why are so many online mortgage companies based in Louisville, KY?
I recently filled out an online application at lendingtree.com and I was contacted by 14 brokers, all in Kentucky.Why are so many online mortgage companies based in Louisville, KY?
The mortgage brokers that respond are not ';online mortgage companies'; They are whomever pays lending tree for your information. (Are you in Kentucky?) Lending tree makes money collecting lead fees from brokers, not from actually getting you a loan. You would be better served by picking a broker yourself based on your own set of criteria than having Lending tree sell you to the highest bidder ... and in their case ... multiple bidders.Why are so many online mortgage companies based in Louisville, KY?
Lending Tree is brokering (selling) their loans to various companies in each state. These companies are not brokerages they buy the loans from Lending Tree. It depends on your credit history and employment as to what lenders Lending Tree believes would be the easiest for you to rececive a loan approval.
Good question. It could be because First Residential, a pioneer company in on-line mortgages, was started in Louisville. Amongst the mortgage guys I know who have all signed on to buying lending tree leads, they all say their edge of getting leads lies in the fact that so few other lending tree mortgage company clients offer government insured loans (FHA, VA, etc). Or it could just be a coincidence.
lending tree sells your information to several brokers. a company i worked for use to pay for these leads they sell your information to aprox 8 different broker firms. the fee used to be about 2500 per month. that was afew years ago. stear clear of marketing companies!
here is a real online direct lender
The mortgage brokers that respond are not ';online mortgage companies'; They are whomever pays lending tree for your information. (Are you in Kentucky?) Lending tree makes money collecting lead fees from brokers, not from actually getting you a loan. You would be better served by picking a broker yourself based on your own set of criteria than having Lending tree sell you to the highest bidder ... and in their case ... multiple bidders.Why are so many online mortgage companies based in Louisville, KY?
Lending Tree is brokering (selling) their loans to various companies in each state. These companies are not brokerages they buy the loans from Lending Tree. It depends on your credit history and employment as to what lenders Lending Tree believes would be the easiest for you to rececive a loan approval.
Good question. It could be because First Residential, a pioneer company in on-line mortgages, was started in Louisville. Amongst the mortgage guys I know who have all signed on to buying lending tree leads, they all say their edge of getting leads lies in the fact that so few other lending tree mortgage company clients offer government insured loans (FHA, VA, etc). Or it could just be a coincidence.
lending tree sells your information to several brokers. a company i worked for use to pay for these leads they sell your information to aprox 8 different broker firms. the fee used to be about 2500 per month. that was afew years ago. stear clear of marketing companies!
here is a real online direct lender
How many people lost their mortgage payment on the Bears VS Vikings game last night?
HA..HA..HA
Everyone said we would get whipped and we showed the Bears that we are for real. I heard Vegas wasn't paying out much because everyone took the Bears on this one. What had happened suckers?
BELIEVE IN GUS!!
FREROTTE FOR PRESIDENT!!
ROOT FOR GUS! HES THE BEST QB EVER!
FIGHT ON! FIGHT ON TO VICTORYHow many people lost their mortgage payment on the Bears VS Vikings game last night?
frerotte sucks, Daunte Culpepper is the best.How many people lost their mortgage payment on the Bears VS Vikings game last night?
Do you hear yourself Gus Frerotte is the same quarterback who knocked his self out when he played for the Redskins after running for a touchdown. Do you remember that, Gus Frerotte was a back up for a reason he is not a franchise quarterback he is a descent quarterback who can manage a game but when he have to win a game I would not bet my last two quarters on him. But I'll bet the farm on Adrian Peterson it is he and that defense that has made the Vikings a good team in the bad NFC North where all of the teams combined have 18 wins.
people must not know about adrian peterson. he has had a field day everytime he has played the bears. and he did again. and adrian peterson for president.
I didnt bet on the game, but I picked the Vikings to win that game in my pick-em leauge. And so did most people.
I didn't bet, and if i did wouldn't have betted on a close game like that...
And frerotte is rubbish. AP carries you
Just keep him away from those walls!
Everyone said we would get whipped and we showed the Bears that we are for real. I heard Vegas wasn't paying out much because everyone took the Bears on this one. What had happened suckers?
BELIEVE IN GUS!!
FREROTTE FOR PRESIDENT!!
ROOT FOR GUS! HES THE BEST QB EVER!
FIGHT ON! FIGHT ON TO VICTORYHow many people lost their mortgage payment on the Bears VS Vikings game last night?
frerotte sucks, Daunte Culpepper is the best.How many people lost their mortgage payment on the Bears VS Vikings game last night?
Do you hear yourself Gus Frerotte is the same quarterback who knocked his self out when he played for the Redskins after running for a touchdown. Do you remember that, Gus Frerotte was a back up for a reason he is not a franchise quarterback he is a descent quarterback who can manage a game but when he have to win a game I would not bet my last two quarters on him. But I'll bet the farm on Adrian Peterson it is he and that defense that has made the Vikings a good team in the bad NFC North where all of the teams combined have 18 wins.
people must not know about adrian peterson. he has had a field day everytime he has played the bears. and he did again. and adrian peterson for president.
I didnt bet on the game, but I picked the Vikings to win that game in my pick-em leauge. And so did most people.
I didn't bet, and if i did wouldn't have betted on a close game like that...
And frerotte is rubbish. AP carries you
Just keep him away from those walls!
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