Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
we applied for a mortgage today on 95% LTV for a mortgage. our credit was looking good, mortgage scored were 729, 754 and 630.
The 630 was because i just found out that i had put my student loan on auto pay for only one year and that expired...as a result and because i dont get paper statements, i completely missed it and it got reported 60 days late...now its only reporting on one of the bureaus and the others dont report it....
my DTI and cash to close look good.
what are my chances of being denied because of this ONE over sight?
please advise-I am so nervous.
agree, sit tight, that is why there are 3 scores. When it comes time for the letter, address it "to whom it may concern" and put down exactly what you said......your student loan was a paperless account and you did not know it was delinquent until it reached 60 days, when they contacted you. As soon as they did, you immediately brought it current and have made arrangements for automatic payments so this never happens again. You value your good credit and can assure any creditor, future or present, that your debts have priority over all other expenses........blah, blah, blah. check and done.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
