Credit Score Rating

by Shay from Oklahoma, USA

Ask Kate about a second credit score rating before closing: Hi Kate, My mortgage process is going along smoothly. The bank ordered my appraisal and said the underwriter approved the credit part. Now we're just waiting on inspection.
***zz-c2-ad.shtml***
Shay continues... But I read where they could do a second pull on credit right before closing. My score has dropped but not my husband's. I'm making $35,000 on the sale of my home and can pay off the credit cards.

Do you think my lender will back out this close to closing?

Kate Answers: Second Credit Score Rating


***zz-portrait-left.shtml*** Dear Shay,

Not only can a lender order a second credit score rating and credit history before closing, they will!

This does not mean it will necessarily affect your mortgage. But keep your good idea of paying off your credit cards in your back pocket. It may be needed.

Hopefully you feel you can also discuss this with your mortgage consultant. The more equipped a mortgage originator is with details about your credit score rating, the more he or she can head off unpleasant surprise.

I have also included more credit help at the bottom of this page. Be sure to check out the tips for repairing credit and keeping your credit in good standing!

Best wishes for the purchase of your home,

***zz-sig-left.shtml***


Click here to comment on Credit Score Rating

If you still have questions regarding credit, write me at Ask Kate where every question is a good question.

***zz-below-the-fold-affiliate-link.shtml***
***zz-c2-ad-below-the-fold.shtml***
***zzz-link-credit.shtml*** Return to Get-Your-Best-Mortgage-Rate from Credit Score Rating

Click here to post comments about a second credit score rating before closing.

Spread The Word About Credit Score Rating

I depend on word of mouth! So please help me spread the word by sharing Second Credit Score Rating with your friends using these easy social bookmarking buttons. Please come back and visit often.


Click here to add a comment.

You can also ask Kate about your mortgage at How to Improve Your Credit Rating with Amazing Success.

Recent Articles

  1. Lock Mortgage Rates - How To Avoid Hidden Fees

    Aug 06, 18 11:58 AM

    If you lock mortgage rates over the phone, how do you protect against excessive points and hidden closing costs? Learn what to do when your lock is threatened.

    Read More

  2. Finding Low Down Payment Mortgage Financing

    Aug 06, 18 11:53 AM

    Getting a low down payment mortgage: Learn the first two steps to financing niche properties in resort areas. Tip: It's not about timing the real estate market!

    Read More

  3. Ten Best Kept Secrets to Low Mortgage Payments

    Aug 06, 18 11:45 AM

    Ask Kate's secrets to low mortgage payments help homeowners understand industry lingo related to refinancing. Learn how to get your best mortgage rate!

    Read More