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Too Much Credit?

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Anonymous
Not applicable

Too Much Credit?

Can you have too much available credit that a company would deny a mortgage loan? Going to sell and purchase in a new location in a few years. Should I be concerned? Would they just tell me to close the accounts or reduce the lines? I only carry about $1000 reporting per month but have almost $200k available.

Message 1 of 3
2 REPLIES 2
leahkline86
New Contributor

Re: Too Much Credit?

No issue that I have ever heard before. They will go off of the minimum payment required for DTI.
Message 2 of 3
jd403
Regular Contributor

Re: Too Much Credit?

I wish I had that problem, best of luck!

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