AMEX Platinum or Mortgage?

[mikesonthemend]

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@Anonymous wrote:

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There's a score for each of TU/EQ/EX And when you apply your rate is determined by the middle of the 3 scores dropping the High/Low scores.

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This, plus they use the "mortgage" FICO which has its own set of peculiarities. Then there is your joint-account holder's scores, both of your incomes, they value of the house/mortage amount, and so on and so on.

If you don't know your mortgage to be a slam dunk approval (mostly based on income and down payment) I wouldn't risk opening any new accounts, inquiries meh, new accounts matter.

[Anonymous]

I suppose I could Google it... 

• Equifax Beacon 5.0
• Experian/Fair Isaac Risk Model v2
• TransUnion FICO Risk Score 04

https://www.doughroller.net/credit/which-fico-scores-do-mortgage-lenders-use/

[CreditCuriosity]

Really all depends on ones profile it isn't that "simple" . All my mortgage scores are > 760 and I have 20+ new cards in the last two years.. I only was in garden 3 months prior to mortgage and had no issues getting approved for best rate.  Once again this is a individual thing and my profile was VERY thick and very little debt and high income.  They asked about a few inquiries and that was it no stipulations other then normal ones in mortgage process as wasn't expecting to get a new house at that time, but just how it worked for out for me.  12 rules is a bit silly you can even have inquires during the mortgage process but dont advise this at all just have to have a letter explaining them if they happen and certainly make sure your debt doesn't go up during the mortgage process i was only HP'ed once at beginning no SP's during it but they had monitoring on during process so they would of known about debt escalating and Hp's etc.. Long story short all dependent on ones individual profile and speak with who you are working with on the mortgage vs. forum advise imho.