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Discover immediate access?

Established Contributor

Re: Discover immediate access?

pdog661 wrote:

Just be very cautious with a mortgage pending.


Personally I would rather risk losing the fridge deal then the mortgage underwriters asking more questions. 


I applied for a discover card 1 month before a re-fi with a 797 credit score, very low debit to income including mortgage payment, and had to explain it to the underwriters.  They didn't like it.  I would believe they would have liked it even less if I applied after approval of my file.   


Discover reports your inquiry same day ( in my case), and if they run your credit prior to closing it may cause a red flag.


If it changes anything on your mortgage the 500 savings on the fridge will be gone quickly. 

while I appreciate (and expected) the mortgage advice, it's something I've considered carefully and discussed with all parties involved, but this post was just about Discover

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