When does a new mortgage report on your credit report? I was looking to apply for some credit cards right before it shows up on my credit reports and I want to make sure that escrow closes and I am moved in before I apply for the new cards.
Thanks. Some folks here have seen delays of up to six months before their mortgage began reporting...I guess it all depends on the mtg. co. If your aim is to apply for credit cards, though, the big thing I would make sure of is the current address that's listed on your credit reports. An address mis-match meant an immediate denial, based on some past threads I've seen. wajaba
I closed on my mortgage in November. It was sold from Greenpoint to EMC in February. Neither has reported as of yet for the mortgage(Almost 6 months) I need that reported!
Thanks for sharing your experience. I was wondering what would happen if I applied for 3-4 cards all in the same day right after my escrow closes. I think my score will take a hit because I am going with a 80/20 loan. I want to get the new credit before my scores take a hit. I will have my mail forwarded to my new address and I will still be able to pick up my mail for about a month after I close.
