Need some mortgage advice

For just about anything you want to get off your chest about credit cards.
Matthew12
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Postby Matthew12 » Mon Mar 31, 2014 1:37 pm

I think it is important to realize that just because you make a mistake, it does not disqualify you in any way or make you an idiot. If you look at a large number of people who post here, you will find that they have made similar mistakes, sometimes much worse. I just wish you all the best in the future.


linuxmachine
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Postby linuxmachine » Mon Mar 31, 2014 4:17 pm

I think the thing to focus on is that all things credit will heal, and heal relatively quickly. Don't be so tied to what's in front of you and look on the bright side. Very rarely is there ever truly a once in a lifetime opportunity that is BOTH critical and will never come back again. Usually there are second chances, and after this is through, you'll see the sky was sunny all along

WildBill
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Postby WildBill » Wed Apr 02, 2014 8:07 pm

I was reprimanded for being a dumba$$, but told it probably won't effect anything as long as my reported balances are 0. Membersince99's advice was repeated to me also... "Don't do anything else!"

Keeping our fingers crossed. Looking at a place on Saturday and if it matches what we've seen already we're going to make an offer. Thanks for all of your responses and once again I've learned more from people on this site.

WildBill
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Postby WildBill » Wed Apr 02, 2014 8:28 pm

It's ultimately going to rely on the VA. My credit is good so it's not a matter of the threshold. Thier underwriters can be kind of finicky about things though. The actual lender is great. So once we make the offer and it goes to the VA underwriters I guess I'll know if they have an issue. I'm not 100% sure if the VA underwriter does another pull. To be honest I'm going to be a little pi$$ed if I get pulled 3 times.

linuxmachine
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Postby linuxmachine » Wed Apr 02, 2014 8:34 pm

WildBill wrote:It's ultimately going to rely on the VA. My credit is good so it's not a matter of the threshold. Thier underwriters can be kind of finicky about things though. The actual lender is great. So once we make the offer and it goes to the VA underwriters I guess I'll know if they have an issue. I'm not 100% sure if the VA underwriter does another pull. To be honest I'm going to be a little pi$$ed if I get pulled 3 times.


Don't worry. All these pulls get lumped into one inquiry after all is said and done. Credit bureaus understand home shopping results in many pulls. Assuming your search doesn't span over a year though haha

MemberSince99
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Postby MemberSince99 » Wed Apr 02, 2014 8:50 pm

Good glad to hear it I'm pulling for you too, you should be fine I'm hoping so.

JoDa
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Postby JoDa » Thu Apr 03, 2014 6:24 pm

Good to hear. Sockdrawer that thing until you close! Bonus that you can get some spiffy rewards on the things you'll ultimately need to buy for your new digs!
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

WildBill
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Postby WildBill » Sat Apr 05, 2014 5:38 pm

Thanks again for the advice, support and reality checks. This is truly a one of a kind forum.

We looked at the house today and like it a lot. Our Realtor will be submitting an offer to the seller and if they agree, then it's off to the VA underwriter. Keeping my fingers crossed. The good side of that card app, if there is a good side, is that they only inquired to one bureau. So I won't take a hit across all 3 for the inquiry.

On a side note, that Cap 1 I am going to close but holding out on now until after the mortgage process... just gave a 1.5k CLI out of the blue. Be still my beating heart. lol

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Dr.Mark
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Postby Dr.Mark » Sat Apr 05, 2014 5:44 pm

It's always nice to read something like this buddy.
And, by the way, any increase that comes along is always more than appreciated, isn't it?!?
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]
[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]
[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]
[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]
[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]

TCL - [color=red]41200£[/color]

WildBill
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Postby WildBill » Sat Apr 05, 2014 10:57 pm

Dr.Mark wrote:It's always nice to read something like this buddy.
And, by the way, any increase that comes along is always more than appreciated, isn't it?!?


Yes absolutely. However this CLI comes from my very first card which carries an annual fee and no rewards. I just called Cap 1 and requested soft pull upgrade to Quicksilver no annual fee. They told me since the card originated with an annual fee that I would have to apply for a no annual fee card. So, CLI aside, this card is getting shredded as soon as mortgage closes. It's a shame too. I would've stayed with Cap 1 if they simply upgraded it to the no annual fee card. Oh well. Adios.



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