What does EX-F2 like regarding loan history?

3 years ago

Sun Oct 03, 2021 5:13 pm

Slabenstein

OutlierDinosaurs are patriots

Slabenstein has passed the 24 month threshold and is completely inquiry free!
Slabenstein has achieved the Garden Goal !!

Level24 Last INQThursday, September 1, 2022 Gardening For2 years, 15 days, 13 hours, and 4 minutes Next Level in14 days, 10 hours, and 56 minutes on October 1st INQ 1yr onFriday, September 1, 2023 INQ 1yr reached1 year, 15 days, 13 hours, and 4 minutes ago INQ 2yr onSunday, September 1, 2024 INQ 2yr reached15 days, 13 hours, and 4 minutes ago Goal24 months Goal DateSunday, September 1, 2024 Goal Achieved15 days, 13 hours, and 4 minutes ago

I know the mortgage scores should like closed loans as opposed to open ones, b/c they like $0 balances and an open loan doesn't have a $0 balance. I'm not surprised that EX2 didn't react to balance-to-loan ratio dropping below 9.5%, since that's a score-boosting technique that takes advantage of a metric that's only present in FICO8 & 9.

3 years ago

Mon Oct 04, 2021 5:55 am

Birdman

Primer AuthorCo-Founder

Birdman has been gardening for over 2 years.

Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 14 days, 13 hours, and 4 minutes Next Level in15 days, 10 hours, and 56 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 14 days, 13 hours, and 4 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 14 days, 13 hours, and 4 minutes ago

Yeah the mortgage scores don’t really care about loan utilization. There are isolated exceptions, but for the most part they don’t care. there has been a report of a super old loan being closed costing a few points from a reputable source, but again those are very far and few between. I believe that person had a pretty thin profile.