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WIll this affect mortgage process?

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JMMD
Frequent Contributor

WIll this affect mortgage process?

It is our plan to start the FHA loan process in April. We have a secured CC that will become unsecured in April.When it becomes unsecured I am not sure if it becomes a new credit account or the current is just updated? If it becomes a new CC account, will that mess up our mortgage process?

Message 1 of 4
3 REPLIES 3
StartingOver10
Moderator Emerita

Re: WIll this affect mortgage process?

No.

Message 2 of 4
DallasLoanGuy
Super Contributor

Re: WIll this affect mortgage process?


@JMMD wrote:

It is our plan to start the FHA loan process in April. We have a secured CC that will become unsecured in April.When it becomes unsecured I am not sure if it becomes a new credit account or the current is just updated? If it becomes a new CC account, will that mess up our mortgage process?


nope

 

 

Retired Lender
Message 3 of 4
JMMD
Frequent Contributor

Re: WIll this affect mortgage process?

Thanks!

Message 4 of 4
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