08-28-2007 06:31 PM - edited 08-28-2007 06:33 PM
08-29-2007 09:35 AM
08-29-2007 10:34 AM
Someone correct me if I'm wrong but I think your score will actually go up or be unchanged by a new/ First Mortgage. It may go down for the first 2-3 months, but go right back up, buying real estate is a good thing in CC company's eye's......
08-29-2007 10:46 AM
George2037 wrote:Someone correct me if I'm wrong but I think your score will actually go up or be unchanged by a new/ First Mortgage. It may go down for the first 2-3 months, but go right back up, buying real estate is a good thing in CC company's eye's......
08-30-2007 09:34 AM
08-30-2007 10:19 AM - edited 08-30-2007 10:20 AM
09-02-2007 12:02 PM
I would wait just to be safe because from what I understand the mortgage co's usually pull your credit again right before you close to make sure you there haven't been any significant changes (ie. purchasing a bunch of furniture, buying a car, etc). Granted even if you don't charge any thing with the CC, if they give you a really high limit the lender might come back w/some BS saying now you have too much available credit at your disposal and theres a possibility you might use that available credit, (which would throw off your debt to income ratios) and then you might not be able to pay for the mortgage.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.