http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1704520#M106271 <p>They will have you write a brief letter of explanation for any inquiry 6mos before you applied.</p><p> </p><p>You don't have to pay your cards down to zero, but the balances should not go UP* any higher than what they were at the time of mortgage application.</p><p> </p><p>No new cards after app.  You will sail along real smoothe inyour score is over 680.  May it turn out well for you also.:smileywink:</p> Fri, 16 Nov 2012 22:35:38 GMT JusdoNit 2012-11-16T22:35:38Z http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701294#M106172 <p><strong>Is it absolute that any new card(s) have to be 6mths old before being able to apply for a mortgage? And, how long does it take for scores to recover from the hit of new accounts and the inquiries? </strong></p><p><strong> </strong></p><p><strong>TOTALLY wanting/needing a new home :(</strong></p> Thu, 15 Nov 2012 03:36:27 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701294#M106172 S7 2012-11-15T03:36:27Z http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701310#M106173 <blockquote><hr>S7 wrote:<br><p><strong>Is it absolute that any new card(s) have to be 6mths old before being able to apply for a mortgage? And, how long does it take for scores to recover from the hit of new accounts and the inquiries? </strong></p><p><strong> </strong></p><p><strong>TOTALLY wanting/needing a new home :(</strong></p><hr></blockquote><p>I got 4 new cards in July and one a few weeks ago as I didn't think I was going to go for a mortgage yet until I saw the house I'm buying now. My loan officer didn't bat an eye and said it wouldn't be an issue at all, just that if the UW asks, I will have to explain I got them for boosting my credit profile before a mortgage.</p> Thu, 15 Nov 2012 03:44:45 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701310#M106173 seigex 2012-11-15T03:44:45Z http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701330#M106174 <p>Its not an issue unless you've run them up. And the utilization is high to the point where it effects your DTI</p> Thu, 15 Nov 2012 03:53:56 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701330#M106174 thrillege 2012-11-15T03:53:56Z http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701332#M106175 <p><strong>That makes me feel better. :)  I hope to apply in the early months of 2013, but worried my score wont have recouped enough or that I'd be shot down for the new cc's, which i honestly did get to beef up my file as i had only one paid auto, a current auto, and an authorized user status on my father in laws bank of america.</strong></p> Thu, 15 Nov 2012 03:53:59 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701332#M106175 S7 2012-11-15T03:53:59Z http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701336#M106176 <p>0 balance on all.</p> Thu, 15 Nov 2012 03:54:29 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1701336#M106176 S7 2012-11-15T03:54:29Z http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1704520#M106271 <p>They will have you write a brief letter of explanation for any inquiry 6mos before you applied.</p><p> </p><p>You don't have to pay your cards down to zero, but the balances should not go UP* any higher than what they were at the time of mortgage application.</p><p> </p><p>No new cards after app.  You will sail along real smoothe inyour score is over 680.  May it turn out well for you also.:smileywink:</p> Fri, 16 Nov 2012 22:35:38 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1704520#M106271 JusdoNit 2012-11-16T22:35:38Z http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1705132#M106291 <p>Keep peeking out of the garden I see!!! haha... Just remember INQ or new ACCTS before trying to get a mortgage isn't really a big deal BUT INQs after you start the process can be a deal breaker.</p> Sat, 17 Nov 2012 04:04:33 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1705132#M106291 beb86 2012-11-17T04:04:33Z http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1705150#M106292 <p>+1</p> Sat, 17 Nov 2012 04:12:34 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Length-of-time-for-age-of-new-cards-before-mortgage-app/m-p/1705150#M106292 JusdoNit 2012-11-17T04:12:34Z