Will my Lowes CC application be affected?? or Will my AC application be affected?
Reason: I decided to install an AC at the house (only has heat) and the proposal comes out to $9k (new furnace, new AC, new ducs in attic, drywall work etc). The thing is, the bank that will finance it is Sync at 5.99% for 5 years. I'm already in the process to complete paperwork with my HOA and paid the fees ($425) for fence installation/county plotting etc which I was planning on financing at Lowes (sync) with the 84 months @ 5.99% until paid in full and no penalty for paying it off early.
1. does it make a difference which application i complete first? fence or AC?
2. whichever i apply for first, will i have a problem getting approve for the second app?
3. will Sync approve me for both?
4. is there a way to apply for a sync CC or loan that will allow me to purchase both projects at 5.99%?
Your advice will be much apprciated, REALLY!!! lol, im freaking out!
Notes: I will be making about $800 payments until pay in full ($5k for fence & $9k for AC). I will also have $2200 in extra checks from work(october and january) + about $2k in taxes that i will be putting towards the $14k ($14k - $4k) = $10k....so about 11 months to a year to pay off.
Scores below.
@Anonymous wrote:Will my Lowes CC application be affected?? or Will my AC application be affected?
@Anonymous: I decided to install an AC at the house (only has heat) and the proposal comes out to $9k (new furnace, new AC, new ducs in attic, drywall work etc). The thing is, the bank that will finance it is Sync at 5.99% for 5 years. I'm already in the process to complete paperwork with my HOA and paid the fees ($425) for fence installation/county plotting etc which I was planning on financing at Lowes (sync) with the 84 months @ 5.99% until paid in full and no penalty for paying it off early.
1. does it make a difference which application i complete first? fence or AC?
2. whichever i apply for first, will i have a problem getting approve for the second app?
3. will Sync approve me for both?
4. is there a way to apply for a sync CC or loan that will allow me to purchase both projects at 5.99%?
Your advice will be much apprciated, REALLY!!! lol, im freaking out!
Notes: I will be making about $800 payments until pay in full ($5k for fence & $9k for AC). I will also have $2200 in extra checks from work(october and january) + about $2k in taxes that i will be putting towards the $14k ($14k - $4k) = $10k....so about 11 months to a year to pay off.
Scores below.
I guess the variable is which CRAs will be pulled for each application. Lowes pulled EX for me, so you can check credit pulls database to see which CRA was hit the most in your state. As for the other, do you know which CRA the bank is using? If they use EQ and Lowes uses either TU or EX, I would do the apps within a day of each other. I just got a new furnace put in Friday (Thanks Lowes!!) and I plan to have it paid off within 6 months, but the central air won't be upgraded until the spring because I'll finish out this summer with the one I have then upgrade in the spring when the furnace is paid off.
