No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I know I should not go out and open a new lowes card and buy a BMW before I close. But what if my credit card balance goes up a few bucks.
When my credit was pulled one of my cards showed I had an 80 dollar balance, I had used that card to buy dinner or something one nite and when it was due I thought I had paid it back down to 80 bucks but actually I paid it down to 81 bucks lol. Which resulted in my min monthly payment to go from 15 dollars to 17 dollars.
Im wondering if im a freak for even worrying about this. Its just 2 bucks.
I doubt it Tool. I think that they're concerned about how it would affect your DTI and what it would do to a boarderline score. The balance on two of my cards went up a few dollars before the second lender pull, but I never got any grief over it.
Are they even going to pull your credit again since you're so close to closing or have they not pulled it yet this second time around?
I actually just asked them and they said they are not going to pull it.
@tooleman694 wrote:I actually just asked them and they said they are not going to pull it.
And you believe them?
i wouldnt be worried
off the top of my head:
conventional less than 20% down and investment loans get QC report pulled. It is supposed to be a soft inquiry. NOT a full credit report.
They are looking for new credit and inquires.
For your scenario, we wouldn NOT look at that minimum balance increase as an issue.
Another 25% of ALL FILES get a full credit report pulled. Just another QC deal there as well.... But it is a full report.
This is federal guidelines.... maybe with a little of our own guidelines mixed in.
But I have never had an underwriter want to re-underwrite the file because a minimum payment went up on a cc
Thanks man
I know im losing it for no good reason.