Applying for a Mortgage - Advice Appreciated

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14 posts
OldMan
Platinum Member
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Posts: 64
Joined: Wed Mar 26, 2014 12:49 pm
Location: USA

We just bought ours in Feb.

Postby OldMan » Fri Apr 17, 2015 11:45 am

I had looked into a few places just asking around about rates vs scores, but we ended up just paying cash for it due to a time crunch. We were told the same thing, 740 and above will pretty much get you the best rates.
My Wallet:
Discover IT - $4000;
AMEX BCE $12000;
Citi Double Cash - $6600;
CHASE AARP Visa - $5000;
Banana Republic $1200;
NFM - $20,000;
Sears (Citi) MC - $6000;


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Vattené
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Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Sat Apr 18, 2015 12:14 pm

Thanks, JamesMS; I wish we were in a position to just pay cash, OldMan :D

Out of a few houses we really liked, we agreed on one to go forward with and made an offer yesterday.
-Vattené
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

JamesMS
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Posts: 151
Joined: Mon Apr 13, 2015 6:17 pm
Location: Fort Worth, TX

Postby JamesMS » Sat Apr 18, 2015 12:54 pm

Vattené wrote:Thanks, JamesMS; I wish we were in a position to just pay cash, OldMan :D

Out of a few houses we really liked, we agreed on one to go forward with and made an offer yesterday.


Congratulations. Hope that you get the house.
Main Cards:
Amex BCE
Amex Everyday
Bank of America Cash Rewards
Chase Freedom
Capital One Quicksilver
Citi Thank You Preferred

Spark Cash Back (Business), Amex Plum (Business)

OldMan
Platinum Member
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Posts: 64
Joined: Wed Mar 26, 2014 12:49 pm
Location: USA

Congrats on finding a house.

Postby OldMan » Mon Apr 20, 2015 11:59 am

And good luck with your offer. Sorry if the cash comment came out a little strange. Lol, I've spent most of my life paying cash for everything so it wasn't that strange to me. (my bank account didn't like it at all) We were really fortunate in that we've been able to save over the years and be in that position. But trust me, there were times when it was hard, and I mean hard not splurging and buying things that we wanted.
My Wallet:
Discover IT - $4000;
AMEX BCE $12000;
Citi Double Cash - $6600;
CHASE AARP Visa - $5000;
Banana Republic $1200;
NFM - $20,000;
Sears (Citi) MC - $6000;



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