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Post-Home Closing Approvals

ttulaw
Established Contributor

Post-Home Closing Approvals

I went into the Garden in May 2019 to prepare for a potential home purchase in June 2020. My timetable got moved up and I got preapproved for a home in February 2020 and closed on my new home on April 14th. (VA Loan through Veterans United) Knowing I'd need to make some purchases for my new home and pay some moving expenses, I acquired the following new cards:

4/15/20:

Discover It #2 - $3K 
Amazon Prime Rewards Sig VISA - $10.5K

Amex EveryDay - $18K

4/22/20:

FCCU Platinum VISA CLI $14K-->$20K

Regions Life VISA - $10K

BB&T Bright VISA - $7.5K

Langley FCU Cash Rewards Sig VISA - $15K

5/6/20:

PenFed Gold VISA - $17.5K

Alliant CU Platinum VISA - $10K

5/8/20:

RBFCU Premier Rate MC - $2K 


Yes, I know that's a LOT of activity over a relatively short time. I have been with several of these lenders (Discover, Amex, Chase, PenFed, FCCU) for many years and have a good history with them.  


I did have a small savings account with BB&T and had savings and checking with RBFCU prior to applying for credit with them. 

Langley and Alliant are new CU memberships I opened for the purpose of applying for their credit products. 

With my first mortgage payment due June 1st and all of these new accounts (several already reporting), I am done for a while. I did join some other banks and credit unions with an eye toward products next year. I did not hit up every Bank/CU I have accounts with, so I'll look to them next year as well. 

Please don't think I'm advocating for anyone to "do as I do." We all take in information and then make decisions we think are right for us. Some work, some don't, but sharing information at least makes our decisions somewhat "informed." And remember, all of our files are different and the variables involved are sometimes too numerous to list, so your experiences may significantly differ from my own. 

                 







17 REPLIES 17
AllZero
Super Contributor

Re: Post-Home Closing Approvals

Congratulations on your approvals and CLI!

Message 2 of 18
gdale6
Moderator

Re: Post-Home Closing Approvals

Pretty good run there, grats to all Smiley Happy
Message 3 of 18
AllThingsInTime
Established Contributor

Re: Post-Home Closing Approvals

@ttulaw  Super Congrats on your new home purchase and all of your approvals!

And veteran to veteran,  Thank You for your service!!! Smiley Very Happy

Message 4 of 18
ttulaw
Established Contributor

Re: Post-Home Closing Approvals


@AllThingsInTime wrote:

@ttulaw  Super Congrats on your new home purchase and all of your approvals!

And veteran to veteran,  Thank You for your service!!! Smiley Very Happy


Thank you Veteran!







Message 5 of 18
M_Smart007
Epic Contributor

Re: Post-Home Closing Approvals

@ttulaw  .. What a runSmiley Surprised  well done .Congratulations! ..

Message 6 of 18
heeseon
Frequent Contributor

Re: Post-Home Closing Approvals

Congratulation

TU809 EQ795 EX796 (05/21)
Message 7 of 18
CreditCuriosity
Moderator

Re: Post-Home Closing Approvals

Congrats quite a haul.. No denials at all during spree?  If so quite impressive in short time period

Message 8 of 18
Steve891
Senior Contributor

Re: Post-Home Closing Approvals

Congrats on your new home and successful app spree!




Message 9 of 18
ttulaw
Established Contributor

Re: Post-Home Closing Approvals


@CreditCuriosity wrote:

Congrats quite a haul.. No denials at all during spree?  If so quite impressive in short time period


Thank you!

 

I do have one alibi, I applied for the ABOC Platinum Rewards MC on 4/15/20. Apparently they do not do instant approvals and all get manually reviewed. I called about a week after application and was told it normally takes 30 days for manual reviews to be completed and the result is mailed USPS, no email. I'll have to update that when I hear something, so for now it's still "pending."







Message 10 of 18
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