bymarsmet47

We own a 2005 manufactured home purchased new from Clayton Homes and financed through Vanderbilt mortgage company. In 2005 we accepted an interest rate of 9.75% due to a slow credit problem. With the current economic slowdown, we are consistently 1 month delinquent and to make our anxiety worse, Vanderbilt sends a local representative to our home once a week to harass us . The man has spoken to my son and others in our absence. We are in communication with Vanderbilt, however they lie and write notes that there is no communication from us. Please advise us how to lower our interest rate with very poor credit and stop the wolves from coming to our house because the anxiety this is causing is fraying my nerves considerably. I shake at the sound of a car in the driveway now.

I am buying a house in GA, and I have been approved by a particular mortgage lender. I’ve been dealing with this lender for some time now, and their rates are competitive, with fantastic customer service. When we put a contract on this new home in GA, our real estate agent was aware that we had been dealing with this mortgage company, but she seemed very eager to get us to apply for a loan with a local bank. We politely declined, because we are confident in the mortgage company that we have chosen, but the next day, a representative from the local mortgage company contacted us anyway wanting to do business with us. Again, we politely declined, and we thought that was the end of it.

Upon signing the contract on the house, our agent asked for a copy of our mortgage lender’s “Good Faith Estimate” for closing costs, payments, etc… and we provided it to her. The next thing I know, this woman from the local bank is calling me up saying that she’s looking at this Good Faith Estimate from our lender, and that she sees several things that are not correct. She proceeds to tell me that we should consider going with her bank, blah blah blah. (After speaking with the loan officer at my chosen mortgage company, I have discovered this local lender’s statements were incorrect, by the way.) have never initiated contact with this local bank, and it seems as though they are practically stalking us to get our business.

My question is this: Our real estate agent admitted that she gave this local bank a copy of our “Good Faith Estimate” from our mortgage company. She did so without our knowledge or consent, and she has therefore shared our financial information with a third party without our approval. Is that illegal, or just unethical?
I know it is, at a minimum, unethical. It’s seriously brought this agent’s character and integrity into question in my mind, and now I’m wondering what else she’s done behind my back. Maybe that sounds paranoid, but I just don’t like people sharing information about how much cash we have (i.e. cash on hand for the down payment) with third parties who have nothing to do with the transaction. She obviously gets some sort of “perks” from this lender if she refers someone for a loan, and I think that’s pretty shady, too.
I never signed a contract with the Real Estate agent. The only contract I have signed was the contract to purchase the house. I’ve read through it, and nowhere does it say that she has any right to disseminate our financial information to third parties, or to try to secure financing for us.

by quapan

• vanderbilt mortgage closing cost

Best answer:

Answer by acermill
Almost guaranteed that it will be pulled at least once prior to closing, most likely the day of or the day before closing, to insure that nothing has changed since it was last pulled for the approval.

Give your answer to this question below!

• does usaa pull credit before closing
• will my credit be pulled again before closing?
• FHA pulling credit at closing wells Fargo
• wells fargo credit pull before closing
• we are preapproved for a mortgage will our credit be pulled again before closing?
• wells fargo and credit report the day of closing
• usaa pulled my credit before closing
• usaa pull credit report before closing
• wells fargo do they pull your credit score before closing
• wells fargo pull credit before closing

 

Then She asked about my Cash rewards card and getting a CLI, she explained that it was a soft pull and that It would that a few mins and answer a few questions.  This card was opened with a $2500 limit 6 months ago.  I got a CLI to $7000.00.  Makes for a good day. I will be applying for the FlagShip card this coming Fri.

 

 

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• NFCU CLI SOFT PULL

 

They are my new favorite CCC. Until sometime in the future and I have to chat with a CSR.  :smileysad:

 

Today I was approved for a NFCU cash back Visa with a 15k CL @ 6.9% plus prime. The NFCU total CL exposure to me is now 55k.

 

My EQ FICO IS 794 and my TU FICO is 799.

 

All of my open revolving CLs are now as follows:

 

NFCU Platinum MC…… 25k

NFCU cash back Visa…15k

NFCU LOC……………….15k

Discover More……………25k

State Farm VISA………..18k

Truwest CU Visa…………15k

BofA MC…………………..15k

US Bank VISA……………11k

Chase VISA……………….11k ( was a Wamu CC and I may close this card )

 

Total revolving CLs……………………….150k

 

All of these credit lines were approved between 5/08 and 2/10. They are a direct result of a plan undertaken by me based on my hundreds of hours of reasearch here and the advice of members at my FICO.

 

THANK YOU ALL!

 

 

edited for spelling error

 

 

 

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