In the short term
The following would happen
an hard inquiry - small score decrease
New account - decrease in your score( due to a reduction in your average age of accounts)
However the good news is that it's will all get better within months a rule is dont app for anything atleast 6 month before going for a mortgage
Current Score: 771 - 11/21/2012/ Amex Pull
Late Payment: 0 / Collections: 0
AAOA: 6.3 Years
"My Scores Yesterday or Last week or even Last month has no value when applying for credit today. The value is not in my score but the information in my credit file. Once the information is good the score will follow"
