I agree pay off the other card in full
Let me be more specific about what is reporting:
389/800 sams (0% til nov)
2582/3000 barclay (0% til oct)
1776/3000 nfcu
1751/2500 nfcu (loc)
0/1000 cap one
0/300 cap one
0/500 nfcu
0/1500 amazon
0/700 walmart
0/1400 sears (AU)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
I think you would have a hard time closing with a bare minimum score and high utilization even after a pre approval.
Someone correct me if wrong but i believe pre approval only looks at income and score.
The Bank will look at how you use credit and utilization. To a Bank high utilization is high risk lending.
And asking for a CLI when a card is near maxed out is not a good idea at all. They will decline and would lower your score more.
Starting Score: 701my dti is only like 30%, I'm not doing this for preapproval.
My file is mostly complete (they have bank statements, appraisal, paystubs, fha case #, etc.)
All I need is the 3 points to meet lender req, fha req met already.