Here's my recent mortgage scores, after my app spree last month and several new accounts. I'm looking to buy in 1-2 yrs. I'm not applying for anymore credit... I don't need it, I have plenty! I'm assuming these scores will increase over the next 1-2 yrs with gardening. Looking to try to get a mortgage with Navy since I have established history with them.
If I continue doing what I'm doing in regards to my CC's and putting away savings... Despite having a ton of CC's but a 1% reported util... I should be ok right?
@pizza1 wrote:Here's my recent mortgage scores, after my app spree last month and several new accounts. I'm looking to buy in 1-2 yrs. I'm not applying for anymore credit... I don't need it, I have plenty! I'm assuming these scores will increase over the next 1-2 yrs with gardening. Looking to try to get a mortgage with Navy since I have established history with them.
If I continue doing what I'm doing in regards to my CC's and putting away savings... Despite having a ton of CC's but a 1% reported util... I should be ok right?
Sure, why not?
Be aware that prime rate will be rising sometime in the next two years though.
@pizza1 wrote:I'm not applying for anymore credit... I don't need it, I have plenty! I'm assuming these scores will increase over the next 1-2 yrs with gardening.
If I had a card for every time I've said this..
Oh wait... Never mind. 
@pizza1 wrote:Here's my recent mortgage scores, after my app spree last month and several new accounts. I'm looking to buy in 1-2 yrs. I'm not applying for anymore credit... I don't need it, I have plenty! I'm assuming these scores will increase over the next 1-2 yrs with gardening. Looking to try to get a mortgage with Navy since I have established history with them.
If I continue doing what I'm doing in regards to my CC's and putting away savings... Despite having a ton of CC's but a 1% reported util... I should be ok right?
As long as you meet all of the other loan requirements and your midscore remains good, there should be no problem. I'm pretty sure your research is solid for whichever mortgage loan product you're anticipating. Yes, rates are anticipated to go up but as long as you're okay with it (your money, your time, your situation), there really isn't an issue.
@pizza1 wrote:Here's my recent mortgage scores, after my app spree last month and several new accounts. I'm looking to buy in 1-2 yrs. I'm not applying for anymore credit... I don't need it, I have plenty! I'm assuming these scores will increase over the next 1-2 yrs with gardening. Looking to try to get a mortgage with Navy since I have established history with them.
If I continue doing what I'm doing in regards to my CC's and putting away savings... Despite having a ton of CC's but a 1% reported util... I should be ok right?
Yep after two years the new account will no longer be considered "new", your scores should increase a lot as long as you have no derogs and keep credit utilization under 20%.
@tonyjones wrote:
@pizza1 wrote:Here's my recent mortgage scores, after my app spree last month and several new accounts. I'm looking to buy in 1-2 yrs. I'm not applying for anymore credit... I don't need it, I have plenty! I'm assuming these scores will increase over the next 1-2 yrs with gardening. Looking to try to get a mortgage with Navy since I have established history with them.
If I continue doing what I'm doing in regards to my CC's and putting away savings... Despite having a ton of CC's but a 1% reported util... I should be ok right?
Yep after two years the new account will no longer be considered "new", your scores should increase a lot as long as you have no derogs and keep credit utilization under 20%.
They have a bankruptcy.
