Drazzaz

Just an update to my earlier post. I hit the CLI button a few days ago and expected nothing, I didn't enter an amount I'd like the limit increased, just left it blank. Yesterday I got a call at work from BofA, which they asked a few questions(very nice lady btw), next thing I knew she offered an increase from $6100 to $10,000. I took it of course, then she asked if there was anything else she could do for me. I stated yes, how about lowering my interest rate. She put me on hold for a minute, then came back and said sorry! Maybe in the future. Interest rate didn't change but a $3,900 limit increase isn't bad, especially considering Chase just decreased my limit by $1,000. Go figure. Thanks Credit boards, I would have never pushed the button if I hadn't read this thread.

Took the plunge, pushed the button, fingers crossed !

Loan has funded and recorded with the county! 4.875% 30yr fixed. Thanks for all the information and help along the way. I am officially in bed with the Devil.

Title company called today, signing docs tomorrow afternoon. All looks like a GO !

Thanks for the replies, that puts my mind at ease a bit. Docs have been ordered and if all goes as planned we will close this Friday or the following Monday. I've got my fingers crossed there isn't a last minute hang up!

Hiya all, We are getting ready to do business with the Devil and I am very apprehensive about it. We are close to a refinance out of an 5.5% ARM to a 30 yr fixed with Bank of America at 4.875% I don't feel they deserve my business but that is the way our broker went with the deal, and it's almost too late to back out if I need to. Does anyone have any PROs or CONs of doing business with this institution?

The other structures coverage is typically 10% of your dwelling amount, in your case it is probably insured for 140K hence the 14,000 limit, that is the maximum they will pay out to repair or replace "any" other structure, not the amount you will receive. Depending on the policy they will usually pay to repair or replace the structure with like kind and quality.

That's interesting as I've always been told it does not affect your score, but have always been a bit leary. They say they don't use your "credit score" but an "insurance score" based off your credit file. So what your saying is that shopping for insurance is pretty much the same as shopping for credit?

Does anyone have any experience on how an "Insurance Inquiry" affects your FICO score? If at all...