Watch out, he’s gonna call you a stubborn mule for trusting your own eyes.
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You might have misinterpreted it. Send a picture of the partial report and we can help you for free 
The official credit report never say what affected your credit score. Those free website is helpful but not very smart
I never called you stubborn for using your eyes. I was calling you stubborn when you refused to consider the correct information when the majority is wrong. That’s the definition of being politically correct but actually wrong.
Have you ever looked at yours? It’s about time you trust your own eyes too.
I shredded it immediately when I received it. No worries until something went wrong. If your score is decent, focus on more important things. If something is wrong, look beyond heloc
Huh? So you wanna fight with the banks? 
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I am beginner. Can someone explain advantage and disadvantage between Cash out Refi vs HELOC?
HELOC can only be ARM but Cash-out refi can be ARM or fixed.
With HELOC you can pay interests only but Cash-out refi you have to pay down principles.
If you are close to max-out your HELOC it will pull down your credit score. Refi doesn’t.
HELOC’s interests only starts kicking in after you draw the money out. If you let it sit without using you don’t need to pay. Cash-out refi’s clock starts ticking the moment you sign the paper.
Conclusion: if you have no plans to use the money and just like to have the option to in case something came up, go with HELOC. But if you have plans to actually use the money, to expand the house or buy another property, just go with cash-out refi.
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Last week of March 2019 saw rates ease from the low 4’s to the mid to upper 3’s…for about 5 days, then back up to the low 4’s.
Today, with stocks falling and uncertainty in the financial markets, we’re seeing significantly lower ARM and Fixed rates come to bear. If anyone missed the late March rally, good times are back…so to speak. Some thoughts on this current rally:
A) Just as rates turned on a dime in March, they can do so again. Example - if there is a substantial change in the tariff/trade war, sub 4% 30 year fixed rates might vanish as cash goes into risk and out of rates. If loan terms are favorable, take the bird in hand, and don’t wait for something that might not come.
B) Every client I’ve spoken to who says “I have great credit and a high score!”… doesn’t. Although credit card companies and sites like CreditKarma will offer score data, their information is 100% worthless - often 30-40 points off of a mortgage credit report derived FICO score. There can be substantial differences in loan terms when scores dip below 780 and when. If you want an accurate rate quote, you’ll save yourself a terrific amount of surprise and pain by getting a hard pulled, lender originated credit score.
C) You’re going to hear “I got this deal” and “I got that deal” over the coming weeks. I spoke with a client this week about their 2.75% 10/1 ARM Interest Only loan with zero points and no impound account required that they locked in with another Bank. It was a 100 percent real deal, confirmed as such. About 90% of readers of this post will not get anything close to this as they call around for rate quotes. Why?
- The client had $750k with the bank, and another $250k to move over.
- They had 40% equity.
- Their loan was over $2m.
- Their credit score, run by a lender, was well over 800…
- Most importantly: it was a purchase, not a refi.
Rate comparing should focus on context. If this was a $2m refinance, with a 779 FICO, and a 25% equity position, and $200k in the bank, that’s a mid to upper 3% rate deal. Still good, but not sub 3%. Is this quote from a broker, a bank, or a mortgage bank? So many things go into an accurate, deliverable rate quote and context is king! Your deal will fit your circumstances, and hopefully it will be as strong of a deal as what others are getting…
Thanks for reading!
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Mortgage rates dropped quickly again today, easily hitting the lowest levels since late 2017 for the average lender. The move comes in response to a surge in volatility and perhaps even a wave of panic in financial markets. Stocks have fallen somewhat swiftly as trade tensions increasingly look like an ongoing narrative as opposed to a temporary issue. The bigger story, however, is in the bond market (which is directly responsible for most interest rates, including mortgages).
Relative to stocks, bonds have been undergoing a much bigger move as the market attempt to reprice its expectations for Fed rate cuts. Yes, that’s CUTS with a “C” now. Up until the past few days and weeks, you were just as likely to hear about potential “hikes.” But all that seems to have gone out the window, and quickly! In less than a week, speculators are betting on the Fed cutting rates by an additional 0.75%. That’s on top of the 0.25% cut that was already priced-in at the time.
Today’s Most Prevalent Rates
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30YR FIXED - 3.875%
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FHA/VA - 3.75%
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15 YEAR FIXED - 3.875%
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5 YEAR ARMS - 3.875-4.25% depending on the lender
Time to refi folks!
Buyers are hard to please these days…
Any of you have recommendation on loan officer other than Bank of America?
I want to refinance my rental (currently 4.375 30-year-fixed) but not very satisfied with estimate from BofA.
Hence, i want to try with other lender.
Did you already pay for an appraisal?
I just did mine with Googain. I will PM you my LO’s contact. He’s owner of the firm and works extra hard.
I’m also looking for loan officers - so far talked to WF and BoA…
OK. PM’ed.
Done for 1 house (currently 4% 30-year-fixed). Rate is not low enough for the other ( (currently 3.5% 15-year-fixed) I need rates to go much lower 
in order re-refi both.
Didn’t rate go lower still this week? Have your papers ready but don’t lock. Wait for Trump to misbehave.
You want me to re-fi every few months?
You only did one of your 10 houses, right? One down, nine more to go.