If wanting to apply for mortgage in April, is applying now for a CC a bad idea?

[peepers]

I'd really like to apply for a NFCU card.  However I wont if its too close, and will hurt.  Thoughts?

[pizzadude]

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@peepers wrote:

I'd really like to apply for a NFCU card.  However I wont if its too close, and will hurt.  Thoughts?

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I think you're fine, since it's approx 9 months away.   You lose a few points for the inquiry, and possibly lowered AAoA.   What do your FICO scores look like now?

[peepers]

EQ as of 8-21 is 691

TU as of 8-19 is 679

EX as of 8-22 is 672  These are all pulled from MyFico

my utilization as of today is 18%, after pmt on the one cc I have a balance on tomorrow, I will be at 10% on that one and 0 on my other 3 cards.  ETA: my AAoA is currently 9 years

All of my remaining baddies are from 2007, settled or PIF and are falling off.  I just have a Midland CA left showing a $5000 balance, due to fall off end of year, however I am going to settle with them so it doesnt burn me mortgage time since we are loking at homes well over $150M

[rckstrscott]

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@peepers wrote:

EQ as of 8-21 is 691

TU as of 8-19 is 679

EX as of 8-22 is 672  These are all pulled from MyFico

my utilization as of today is 18%, after pmt on the one cc I have a balance on tomorrow, I will be at 10% on that one and 0 on my other 3 cards.  ETA: my AAoA is currently 9 years

All of my remaining baddies are from 2007, settled or PIF and are falling off.  I just have a Midland CA left showing a $5000 balance, due to fall off end of year, however I am going to settle with them so it doesnt burn me mortgage time since we are loking at homes well over $150M

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150 million?!!?  SHEESH!

JK -- I don't think you will have too much of a score ding, maybe 5 -10 points or so since you AAoA is pretty stellar. If you are looking at 640+ then you are fine. The LO wlil probably just need a LoE for the inquiry and the new account

-scott

[peepers]

See now I dont really even think its worth all that then

Haha, yeah sorry...... At my job we use M for thousand and MM for million. Habit. I always forget how that must look to those who use K

[pizzadude]

It's NFCU so it will be worth it, at least in my opinion.