We are in the process of a getting a mortgage. The processor needs a credit inquiry letter for 3 recent credit inquiries. The one is from a credit card company.

The problem is, we have’t applied for a credit card recently. So we don’t know why this credit inquiry is on our report or how to explain it. We haven’t acquired any new debt.

How do we explain this on a credit inquiry letter?

I would appreciate simple definitions/explanations for each. I have read the Wiki articles, but I am still a bit confused. I understand that in subprime mortgages the borrowers do not have a strong credit histories. However, I do not understand what exactly subprime mortgage bonds are, or why people used to buy so many of them.

My husband and i both have poor credit and we want to own our own home are credit is poor bc he was in a car accident and lost his job for a year and the medical and credit card bills went un paid due to this .but he has been working for over 3 years steady and now were paying down the debit .We would like to know if anyone knows of a anywhere that does bad credit mortgages .Were looking to buy a house in Spring Hill Florida .

Hi, I heard, the mortgage interest for your second property doen’t get any tax credit at all?

My situation is this; during the early Nevada boom, I’ve purchased a small condo over there. The mortagage payments for it has saved me quite some taxes for the past two years. Now, I’m considering purchasing a condo in the South Bay area (I’m a California resident) for myself to reside in; if i were to purchase my second property in california, for which I’ll personally reside in, will it’s interest payments be tax deductible?

Thanks
Oh, my Vegas house is being used as a rental property now.

I have been pre-approved for a home loan. I have not found a house yet. I want to consolidate my credit card and personal loans into one loan. I didn’t want to exonerate my home loan approval.

I am looking to get atleast 3% cash back OR airline miles. I don’t mind paying an annual fee if the rewards are good.
I have a third party website that will accept credit cards and pay my mortgage company.
@Smiling: True. Which is why I asked if there was a credit card that offered good rewards. I am willing to pay the 3% fee in order to get reward points.

Now that we are paying our mortgage and on time will our credit score improve once our mortgage states “current” as opposed to “past due”?

I am currently renting to own with a contract. We pay the seller every month. The only problem is that since we do have an actualy mortgage and he does not report to the credit bureaus our payments are not effecting our credit. We are trying to build up our credit. The deed of the house is to be in our name soon and I was wondering if the actual deed effects your credit?

In a temporary financial crunch and may have to make this decision, but want to keep my credit score as high as possible.

I see that many training programs pull a credit history. I have a bankruptcy (2+ yrs ago) and I’m wondering of this will cause problems getting licensed in NC.