My FICO went down 18 points in a month!!! Hope it doesn't jeopardize my mortgage!!!

[donkort]

Hi there,

Since I raised my credit utilization by $3,000, my FICO score went down 18 points, down to 710 Equifax.  My Experian score (my middle score) would be 697 at this rate of decrease.

If I pay down $1,500 of the $3,000 by late September (it seems as if all report around the 27th), how much would my FICO increase?

Also:  I'm applying for a mortgage ("conditionally approved" already).  It's for $95,000; my LTW is a bit more than 50%.  Should I inform my lender of the changes before he does a hard pull again (after all is said and done with the appraisal?) 

Thank you for any responses and advice.

[rockymtngrl]

what type of loan is it?

[donkort]

10 year fixed, at 5.625% APR

[donkort]

Specifically, the $3,000 is credit card debt.

[Lel]

Locking this thread and redirecting to a more detailed thread: http://ficoforums.myfico.com/fico/board/message?board.id=loans&thread.id=53959