Posts: 77
Registered: ‎06-08-2010
Re: Credit Card usage after approval
IMHO I would NOT use a credit card during the proccess. My LO pulled for pre-approval (October) and then again the day I submitted my application(Feb). I kept my credit card at a $0 balnce and will do so until I Close. Also; your score will increase or drop depending on your usage and your DTI can increase. If you can pay the balance off before it reports for the month to the Credit Bureau then do so; but if you don't forsee paying the balance within a month I would suggest holding off! Any change/pattern in financing can alert the UW and question your ability to pay a mortgage.

Starting Score: TU 654 EQ 599
Current Score: TU 682 EQ 661 EX 688
Goal Score: 750

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