Major downsides to applying now for info & weed out any future dings on my CR

Tips and Deals Forums Home Mortgage Major downsides to applying now for info & weed out any future dings on my CR

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      There is nothing more I want right now than to buy a house. However, I know I am not yet ready, score wise.

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      I have read of others applying just to see how far off they really are, and because once you have a mortgage inquiry, you may end up with some unwanted items on your report.

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      What is the downside of doing this, other than the inquiry?

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      I have a repo from 07 and that is my main concern.* I want to see what the likelihood of it having to be paid is.*

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      My current scores are around 600, and I know that I meet all other qualifications. So I am hoping by the first part of the year, I will be good to go.* But if I have to pay off the repo, it would mess up my timeline.

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      Any ideas/comments?

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