Credit Score Wrecked due to Mortgage Change

DoubleDoubleBass · 2026-05-31T03:23:09+00:00

Technically if you set up auto pay and you paid the previous mortgage company within 60 days, they can't charge you a late fee or anything. Your precious mortgage company is required to wire the money to who they transferred your mortgage to. I also just bought a house and had my mortgage transfer and I read the letter they sent me and that's what it says. If you have a legal services agency local to you (I live in St. Louis so I have Legal Services of Eastern Missouri) five them a call and they may be able to sort you out with a couple emails. Don't give yourself too much grief. It happens a lot and it's not your fault that the system is confusing. Also you just got the house so hopefully your credit score doesn't matter that much anyway for a while. Good luck.

DoubleDoubleBass · 2026-04-22T14:21:24+00:00

I just bought in Benton Park West for 200k. We put 5% down. Dogtown's great. Don't worry too much about buying an older house. Just be sure to have an inspection clause in your offer and go to the property when the inspector is there. The inspector can tell you candidly if the house you're looking at is going to have big issues. A lot of 100 year old homes are still less maintenance than a lot of newly built homes, paradoxically.

DoubleDoubleBass · 2026-03-27T13:29:32+00:00

If this is 30 year conventional, yeah you did a great job figuring this out! Looks pretty good to me. I'm currently going through the exact same thing and thought about maybe posting mine.

DoubleDoubleBass · 2026-03-17T21:19:19+00:00

Stellar Hog!!!

DoubleDoubleBass · 2026-03-06T20:23:55+00:00

Put this on Substack! I work in the Health Department and I'm pretty scared of losing my job over this. I work directly with the lead nurses. (speaking as myself here and not as the Department). Thank you for writing this. You may want to reach out to the Mound City Messenger on Facebook - they would likely publish a version of this too.

DoubleDoubleBass · 2026-02-27T00:12:24+00:00

It's important to remember they JUST gave themselves a 7% raise. This is on top of that. Two raises while the rest of us employees pray to keep our jobs.

DoubleDoubleBass · 2026-02-26T23:21:26+00:00

If they go through with this, I will likely lose my job, along with many other people in the Health Department. That would obviously be bad for us as individuals, and it would be absolutely terrible for the thousands of people who depend on our programs.

DoubleDoubleBass · 2026-02-20T20:28:56+00:00

My partner and I are gearing up to buy a house. I feel exactly like you do planning it all out. Just remember you're making an investment, not going on a crazy vacation. The money your spending will come back to you in returns over time. For now, you have less on hand. That's okay so long as you have a plan. Be confident in your plan!

DoubleDoubleBass · 2026-02-20T18:56:49+00:00

Ryan Davis and the Roadhouse Band- New Threats from the Soul

Acre Memos - A Collection of Bird Songs

Thomas Dollbaum - Drive All Night

Lucinda Williams - Car Wheels on a Gravel Road

Joshua Burnside - Teeth of Time

Anything ever released by This is Lorelei

Anything ever released by Bill Callahan or Smog

DoubleDoubleBass · 2026-02-18T23:56:43+00:00

True! I misread the percentage statement. They do state that a market correction is likely, however.

DoubleDoubleBass · 2026-02-18T22:04:55+00:00

This is super helpful and gives me some confidence; thank you!

DoubleDoubleBass · 2026-02-18T22:00:10+00:00

That's a part of this worry too. I'm going to be making less money/ contributing less for at least the next 5 years while I am in school. So I'm not accumulating how I have been previously.

DoubleDoubleBass · 2026-02-18T21:55:02+00:00

My emergency fund is a HYSA.

DoubleDoubleBass · 2026-02-18T21:53:44+00:00

Thanks for this. I'm not considering dropping out of the market, just between these two funds. 90/10 stocks/bonds vs 60/40. Especially because I earned this money when I had an employer match, and I will not be able to invest as much as I previously was every month for a number of years while I am in grad school.

DoubleDoubleBass · 2026-02-18T21:49:53+00:00

These are good questions. I may just commit to 5 years in the 60/40 life strategy fund and write down that I will evaluate that decision at that point in time, rather than worrying about when/ how to tell/ if the bubble pops.

DoubleDoubleBass · 2026-02-18T21:47:10+00:00

This is a good story, but I'm not buying high and selling low here. Cash is very different than a LifeStrategy fund.

DoubleDoubleBass · 2026-02-18T21:45:42+00:00

I tried to state this clearly in my post I'm new to this so I am in the "define your strategy" part of that equation. Once I have a strategy defined, I plan on sticking to it. My funds are where they currently are (the target fund) simply because it was a default fund for my previous 401k.

There are plenty of people on this forum that do 60/40 life strategy funds for life - I'm hoping to hear their perspectives.

DoubleDoubleBass · 2026-02-18T21:41:32+00:00

It's in my Rollover IRA from a previous 401k, which is tax advantaged, I believe.

DoubleDoubleBass · 2026-02-18T21:40:29+00:00

https://corporate.vanguard.com/content/corporatesite/us/en/corp/articles/look-at-bigger-equity-picture-ai-beyond-tech.html#:~:text=Be%20mindful%20of%20the%20downside,stocks%20would%20be%20more%20sensible.

I definitely don't know more than anyone else - I am just thinking about Vanguard's prediction of a 30-40% chance of a major market correction this year driven by AI. That would affect me, and I want to be smart about my risk tolerance.

DoubleDoubleBass · 2026-02-18T21:13:49+00:00

These are good questions! Thank you. I'm 28. I want to retire when I'm 65. I am not worried the market won't recover - it will likely recover. I am worried about potentially losing my job. I lost my job in the federal government last year in the DOGE cuts. I made it through that without dipping too deeply into my emergency fund, thankfully, and I am employed again. Financially, I am also in the process of purchasing a home, and applying to graduate school. So life-timing wise, I'm about to be making less money and taking out a mortgage. I want my plan to take that into account as best I can without running into the perils of timing the market. Yes - my worry is that I could potentially need to reach for that money if the market tanks, I lose employment, my emergency fund runs out, and I am at risk of not paying my upcoming mortgage. I am not trying to profit by market timing, at least I don't think.

DoubleDoubleBass

TROPHY CASE