Hi hicksed,
It's good that your credit score has gone up 50 points. But I'm not sure what's causing the delay in closing. If your income, employment, etc. have been verified, there should not be any further delay in closing. Have you talked with your lender regarding this? What does he have to say about this delay?
It's good that your credit score has gone up 50 points. But I'm not sure what's causing the delay in closing. If your income, employment, etc. have been verified, there should not be any further delay in closing. Have you talked with your lender regarding this? What does he have to say about this delay?
Are you being offered a better interest rate now that this has been discovered? Sounds as if they are going to re-underwrite this file, which would cause the delay. If you haven't added any liabilities or debts to your credit then you should not have any issues, but you should ask about a lower rate based on this discovery. I hope this helps...
Exactly my thoughts. If you are suddenly a better credit risk, you should reap the benefits of this. you can be certain that if they found your score had DROPPED 50 points they'd be reconsidering the situation.
i can't imagine a reason to re-underwrite with an increase in credit score. and i absolutely agree that you ought to reap the benefits of that score with a better rate, if it falls within those guidelines.
other than the inconvenience of pulling your loan, you might want to do that if it'll be beneficial.
other than the inconvenience of pulling your loan, you might want to do that if it'll be beneficial.
