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Applying for a mortgage loan

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highway91
Member

Applying for a mortgage loan

I was approved last year for a loan but got cold feet toward the end of the loan process. The house was on a hill and had to many cracks in the foundation! On to my question I just applied for a couple on new credit cards how long should I wait until I reapply for another mortgage loan?

Transunion fico 723
Equifax fico 673
Experian fico (psecu) 690

Goal 720 across the board
Message 1 of 4
3 REPLIES 3
Booner72
Senior Contributor

Re: Applying for a mortgage loan

If that is the only issue you think is a problem, then I don't think it will necessarily be a deal breaker to apply now, unless you racked them up.

 

Are you good to go in all other areas?  Your scores look good.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 2 of 4
boomhower
Valued Contributor

Re: Applying for a mortgage loan

As long as they are already reporting its fine. While not ideal not. Deal breaker. You just don't want any new accounts to report after they pull your reports.
Message 3 of 4
highway91
Member

Re: Applying for a mortgage loan

Thanks for the knowledge.I guess its time to get back in the house search

Transunion fico 723
Equifax fico 673
Experian fico (psecu) 690

Goal 720 across the board
Message 4 of 4
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