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.
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