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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Sorry another pre-Qual question
So far i have now talked to 4 different people and they all want W2 forms for a pre-qual
WHAT AM I DOING WRONG 
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Posted 7/1/05 11:43 AM  |
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KaRiSsA
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Member since 5/05 4646 total posts
Name:
KARISSA
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Re: Sorry another pre-Qual question
Can't you fax them to them or you don't have the w2's?
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| Posted 7/1/05 11:48 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Sorry another pre-Qual question
Posted by KaRiSsA
Can't you fax them to them or you don't have the w2's?
they wanted that ant a month of paychecks
i have them at home and can fax them
but i thought that wasn't needed for a pre-qual
but i guess i was mistaken!
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| Posted 7/1/05 11:50 AM |
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KaRiSsA
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Member since 5/05 4646 total posts
Name:
KARISSA
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Re: Sorry another pre-Qual question
Really? I would just do it cause they will need it eventually anyway. I don't remember needed all that the 1st time though.
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| Posted 7/1/05 12:22 PM |
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Disneygirl
Disney cruise bound!
Member since 5/05 8126 total posts
Name:
D
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Re: Sorry another pre-Qual question
Are you asking them for a pre-qual or a pre-approval? We did a pre-approval which in my opinion is better because it shows sellers that your a more serious buyer since they know you'll probably run into less trouble getting a mortagage because you already had your finances (W2's credit scores, etc) looked into. For a pre-qual all they need is your annual income. It could be done over the phone. A pre-qual does not consider credit scores, any debt or loans you have so I don't think it is as realistic as a pre-approval in my opinion.
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| Posted 7/1/05 12:35 PM |
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MrsERod
Praying for Everyone.
Member since 5/05 26170 total posts
Name:
MrsERod™®
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Re: Sorry another pre-Qual question
don't give your info to all 4 - that would mean 4 separate inquiries into your credit history, which effects your FICO (credit) score!
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| Posted 7/1/05 12:51 PM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: Sorry another pre-Qual question
Posted by Redhead
So far i have now talked to 4 different people and they all want W2 forms for a pre-qual
WHAT AM I DOING WRONG
We got a better rate for giving our W2s and our recent paychecks. They should be able to still pre-qual you, but it will be at a higher rate.
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| Posted 7/1/05 12:54 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Sorry another pre-Qual question
Posted by MrsERod
don't give your info to all 4 - that would mean 4 separate inquiries into your credit history, which effects your FICO (credit) score!
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| Posted 7/1/05 1:03 PM |
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KaRiSsA
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Member since 5/05 4646 total posts
Name:
KARISSA
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Re: Sorry another pre-Qual question
Yes, only use 1. They pull your credit each time you get qualified.
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| Posted 7/1/05 1:38 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Sorry another pre-Qual question
Welli went to lending tree already. I thought this would be easy way to get a pre-approval..but no such luck
Now i want to go somewhere else...
Did that inquiry already lower my scores?
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| Posted 7/1/05 1:41 PM |
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KaRiSsA
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Member since 5/05 4646 total posts
Name:
KARISSA
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Re: Sorry another pre-Qual question
Posted by Redhead
Welli went to lending tree already. I thought this would be easy way to get a pre-approval..but no such luck
Now i want to go somewhere else...
Did that inquiry already lower my scores?
Not sure but if you plan on using a certain person for your mortgage, I would go w/ them for the next try.
Message edited 7/1/2005 1:49:27 PM.
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| Posted 7/1/05 1:47 PM |
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steph4777
**************
Member since 5/05 11726 total posts
Name:
Stephanie
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Re: Sorry another pre-Qual question
As long as similar inquiries are done within the same time frame (month or couple of weeks), your score shouldn't be impacted greatly.
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| Posted 7/2/05 7:46 PM |
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mrjune262004
LIF Adolescent
Member since 5/05 512 total posts
Name:
Michael or if mom Micheal
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Re: Sorry another pre-Qual question
Posted by MrsERod
don't give your info to all 4 - that would mean 4 separate inquiries into your credit history, which effects your FICO (credit) score!
Nope not true, multiple auto or mortgage/home equity loans within a 45-day period count as just a single check on your account. This comes from Fair Isaac, the people who calculate your FICO credit score. Visiting and applying at a site like Lending Tree at the same time that you are applying elsewhere within that 45-day window will have absolutely no impact on your credit score or ability to get credit
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| Posted 7/2/05 9:28 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Sorry another pre-Qual question
THanks eveyrone...i got one yesteray ! Without them running a credit check!
thanks for the info!
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| Posted 7/3/05 8:25 AM |
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