Appt with loan officer is this Friday

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MemberSince99
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Appt with loan officer is this Friday

Postby MemberSince99 » Sun May 11, 2014 2:52 pm

And it just kind of makes me nervous. It will be 3 hard pulls. Ouch.


I'd like to say I'm really excited about it, but I'm not. But I just can't abide continuing to throw money down the toilet renting.




I've decided after seeing at least one other person on here do the same to keep track of which lenders are currently in my favor, the ones I'm like meh about, and the ones in disfavor. Favor is Associated just for being my biggest tradeline and best OVERALL rewards. Between favor and meh is Barclay's and BofA for being 5 figure tradelines. meh is Citi (just not much there), Discover (seriously wonder if I'll ever see a CLI with these guys even after a year), and Chase (no auto luv in a year from them but that's normal). Disfavor is Amex who cut what I can spend on my revolver despite heavy spend. They just never quit reminding me that I'm a dirtbag, and while that's their prerogative, it's also my prerogative to put my spend where I please and that won't be much on Amex. Just my views for whatever it's worth.


Battery111
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Postby Battery111 » Sun May 11, 2014 2:58 pm

I was actually going to ask about this. I remembered you saying you weren't going to bother changing to a bronze spade since you were apping for a mortgage soon. So when you did I was wondering if plans had changed.

Another idea. Do you by chance have any eligibility for NFCU? I ask because the great thing about them is that they don't sell their mortgages. It's nice to always know you'll be dealing with the same company from month to month.
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MemberSince99
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Postby MemberSince99 » Sun May 11, 2014 5:49 pm

You have a great memory. Yeah I wasn't going to, but I did. But after that appointment, back to a seedling it goes.


No I'm not eligible for NFCU unfortunately. But that is a great idea.

Battery111
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Postby Battery111 » Sun May 11, 2014 6:19 pm

Well I wish you the best of luck with whoever you choose. I've gathered you're fairly selective when it comes to creditors, so I'm sure you'll make a good choice. Rates seem to be on the rise, so it's probably a good time to get a mortgage before they go sky high again.
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MemberSince99
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Postby MemberSince99 » Sun May 11, 2014 7:07 pm

Thank you. The idea of so much debt really freaks me out, but I just keep telling myself it's lesser of two evils. Sorry if I'm repeating myself I'm sure I'm rambling like a total wacko, but I'll pay that money regardless of whether I rent or buy so I might as well have something at the end of the day. But it's still scary just being honest.

Battery111
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Postby Battery111 » Sun May 11, 2014 7:16 pm

No. I totally understand. I'm a guy that always buys cars with cash. I had a period where I allowed myself to accrue some CC debt, but that's about gone now.

At least in my area, I pay significantly less on my mortgage than I would in rent for a comparable house. And for the time being the interest is tax deductible, so for me it's a non-issue. But when I log onto my bank acct, I really don't like seeing such a large number and knowing it's not a positive, but a negative.
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MemberSince99
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Postby MemberSince99 » Sun May 11, 2014 8:44 pm

You're right, in the homes I'm looking at too, the payment would be around the same as I'm paying for rent. And the interest is tax deductible a big plus, I agree.


Good for you for paying off most of your CC debt. I bet you don't miss that!


You're right it will be hard for me as well. Currently I log into my account and see the money and compare that with what little I haven't paid on a credit card (only because it hasn't yet posted so I can) and that's a good feeling. Seeing the numbers go the other way doesn't sound like fun so I probably won't do a lot of that!

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Postby Battery111 » Fri May 16, 2014 5:42 pm

So I'm curious. How did the meeting go?
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MemberSince99
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Postby MemberSince99 » Fri May 16, 2014 6:43 pm

I was pre-approved for the maximum amount I am comfortable with (didn't ask if I qualified for higher as it's a moot point).


I asked if it was unwise for me to have so recently added a few new cards but she didn't really care due to my scores.


But it did just occur to me - I planned to close Barclay's due to their totally inept customer service I just experienced - I probably can't do that right now without risking a PITA to myself until I close. (having scrutiny over it, questions asked, letters of explanation etc). So, it would seem I'm going to have to leave it open until I close. Then what I do will be my business only.

Battery111
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Postby Battery111 » Fri May 16, 2014 7:02 pm

Congrats!

Enjoy the shopping. I'm the same way. I asked for a specific amount, was approved, and never asked about any more. I was also fortunate to have an excellent realtor who didn't try to steer me towards more expensive homes.

Letters of explanation aren't fun. However, I would think closing a TL on your request would be about the easiest one to write. Opening a new one, however, is a different story. But, you're right. It's probably not worth the trouble. Just SD the card and deal with it in a month or two after you close.

Hope you find the home you're after and don't have to compromise.
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