Posted on: 21st Sep, 2011 11:26 pm
I’m buying my home for the first time!! :-) How long will it take between the time of signing the loan docs and getting them reported on the credit report? Some say it’s 2 months while some say it’s 4 months!! I’m bit confused.
Hi Miranda,
Well... as far as I know, the mortgage may normally get reported within 2-3 weeks on Equifax and Experian. Transunion may start reporting your mortgage within a month and a half later. However, some lenders may even start reporting the mortgage 3-4 months later.
Thanks,
Jerry
Well... as far as I know, the mortgage may normally get reported within 2-3 weeks on Equifax and Experian. Transunion may start reporting your mortgage within a month and a half later. However, some lenders may even start reporting the mortgage 3-4 months later.
Thanks,
Jerry
Give it at least 60 days. It should show up all on 3 credit reports by then.
Nothing will be reported until you make the first payment.
If you close October 2 your first payment is not due until November first and is not late until November 15. You might not make your first payment until November 15.
Payments are not reported until the servicer reports them and that could be once a month before or after you made the payment.
Looks to me like it may hit your credit repprt anywhere from 60 to 90 days after you close.
Just out of curiosity, why does it matter to you when it finally hits your credit report?
If you close October 2 your first payment is not due until November first and is not late until November 15. You might not make your first payment until November 15.
Payments are not reported until the servicer reports them and that could be once a month before or after you made the payment.
Looks to me like it may hit your credit repprt anywhere from 60 to 90 days after you close.
Just out of curiosity, why does it matter to you when it finally hits your credit report?
