long time no talk, well we have been in contact with a builder and a lender in Wichita, the lender is American National Bank (good or go somewhere else?) She gave us a good faith estimate and I told her we had some derogs and paid collections, and I am assuming she didn't pull a report cause she gave us a rate of 5.75% for 122,000 I was blown away, the only thing is it has nothing to do with my score right, she hasn't pulled anything right? I asked her who they pull and she said a consolidated one all 3. The 5th was the deadline for equifax and my disputes so this week-end I will pull a new one from there site to see if anything has changed. The buildler is asking 4,000 up front for Earnest money, and well we won't have that for a month or two, so I was straight with him on that. What effect does that good faith estimate have on the offer she wrote up? I mean does it even remotley effect what is on the reports? We might pre-approve next week but I am going bananas I mean nerves are killing me, we want this home and are so worried we will not get it. We will have about 12,000 by July we really want this home and just becuase of our scores I am afraid we will not get it. We need to be a vehicle and take away that 4,000 will leave us with about 2-3,000. All of this is from 96/97 it just ticks me off. If I shop online for a mtg will that give us a better shot with our low scores? Thanks in advance and talk to you soon.
Hi Teresa, these kinds of questions are better asked of fla-tan. (mortgage broker) He had been on a sabattical when you started posting about buying a house, but has announced his return, and welcomes emails. My suggestion is to email him with your questions now, as he can answer you much better than I on the full ins and outs of mortgages. jlynn
thank you I will start with him, I appreciate all of your help rom the past....I will keep you posted...
