credit score

[PillanSmye]

im guessing a negative that was paid off they have no reason to nail you?

You'd guess that, but with the way debts get bought and sold you never know what can happen.

[Lou Bob]

What's a fake mortgage?

I assume do a real app for a mortgage you don't plan to take

[Mendelssohn]

How can you see the ones they use?

If you buy all 3 from MF you'll also get the older scoring models. It will tell you which are used for mortgages.

EQ you can get for free from DCU.

EX you can get for free from PSECU. Don't believe what they tell you on MF, it is NOT EX 98. They are wrong.

Don't be alarmed, most people have lower scores compared to FICO 8. None of the mortgage scores go up to 850. Yes, you will find published information that says otherwise, but it is wrong.

[ya]

If you buy all 3 from MF you'll also get the older scoring models. It will tell you which are used for mortgages.

EQ you can get for free from DCU.

EX you can get for free from PSECU. Don't believe what they tell you on MF, it is NOT EX 98. They are wrong.

Don't be alarmed, most people have lower scores compared to FICO 8. None of the mortgage scores go up to 850. Yes, you will find published information that says otherwise, but it is wrong.

So all the ads, info etc online that say you need a 740 or 760 for price rates is based on the 04?

[Mendelssohn]

So all the ads, info etc online that say you need a 740 or 760 for price rates is based on the 04?

Yes.

[PillanSmye]

What's a fake mortgage?

Get preapproved from someone online.  Have your realtor run a 3BM whatever.

You basically want a real estate coded INQ on each CRA.

[Hidden]

Get preapproved from someone online.  Have your realtor run a 3BM whatever.

You basically want a real estate coded INQ on each CRA.

Thanks

[ya]

If you buy all 3 from MF you'll also get the older scoring models. It will tell you which are used for mortgages.

EQ you can get for free from DCU.

EX you can get for free from PSECU. Don't believe what they tell you on MF, it is NOT EX 98. They are wrong.

Don't be alarmed, most people have lower scores compared to FICO 8. None of the mortgage scores go up to 850. Yes, you will find published information that says otherwise, but it is wrong.

If i am going to start looking to mortgages soon the only way to see all 3 is to purchase them from Fico?

[Mendelssohn]

If i am going to start looking to mortgages soon the only way to see all 3 is to purchase them from Fico?

Or do the fake mortgage app that was suggested.

[Thingywingy]

As discussed, it's ideal to have at least some balance when the statement closes.

Does a balance from a BT satisfy that goal, or does it need to be from purchases? (Chase Freedom)

[David Smith]

As discussed, it's ideal to have at least some balance when the statement closes.

Does a balance from a BT satisfy that goal, or does it need to be from purchases? (Chase Freedom)

Balance is balance.

[noturbizniss]

Get preapproved from someone online.  Have your realtor run a 3BM whatever.

You basically want a real estate coded INQ on each CRA.

Seems like its much simpler to just get Myfico package, no? Costs a few bucks but also avoids 3 inquiries? Or does the pre-approval not involve an inquiry?

[David Smith]

Seems like its much simpler to just get Myfico package, no? Costs a few bucks but also avoids 3 inquiries? Or does the pre-approval not involve an inquiry?

The inquiries can actually be helpful for you is what he said, if i understood him correctly.

[ya]

The inquiries can actually be helpful for you is what he said, if i understood him correctly.

More helpful then the damage of the inquiry but with myfico u get both

[David Smith]

More helpful then the damage of the inquiry but with myfico u get both

MyFico isn't a hard inquiry.

[ya]

MyFico isn't a hard inquiry.

Exactly but it cost $60. Pre approval is free but u get a hard pull

[David Smith]

Exactly but it cost $60. Pre approval is free but u get a hard pull

So the pre approval has two advantages; it's free and you get the desired real estate related hard pull.

[noturbizniss]

The inquiries can actually be helpful for you is what he said, if i understood him correctly.

I don't think he meant the inquiries themselves are helpful, just the info you can get out of them

So the pre approval has two advantages; it's free and you get the desired real estate related hard pull.

Why would you want an extra hard pull?

[ya]

So the pre approval has two advantages; it's free and you get the desired real estate related hard pull.

Right but a hard pull is also negative.

[David Smith]

I don't think he meant the inquiries themselves are helpful, just the info you can get out of themWhy would you want an extra hard pull?

To get all three FICO 04,  you'll probably have to buy the package from MyFico. They can actually vary quite a bit from your 08's.  The 04 model is what the $2 trick was developed from.

If you've ever had negative stuff like collections and stuff on your reports, you should do a fake mortgage app 6 months prior to your mortgage.  The CRA's offer collection services that companies subscribe to.  When you have mortgage INQ's appear, these send alerts to their subscribers and they try to nail you while your in the middle of your mortgage process.

Get preapproved from someone online.  Have your realtor run a 3BM whatever.

You basically want a real estate coded INQ on each CRA.