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Long story short.
DW and I are ready to buy a home. Down payment saved, emergency funds been there for a while, built credit to a respectable level. Everything we need to move forward.
Then DW has a collection hit despite it being paid 2 weeks prior to even reporting to bureaus -57pts lost. My auto loan just got paid off and will drop my average credit age by 3 years almost down to 3 years total I think - so likely I will take a hit too.
Anyway, we've saved enough to buy a toy that we've been wanting forever to take some stress out of life and enjoy a bit. Was going to be a cash purchase, but now I'm not sure.
Would financing a portion and using the cash we'd saved to pay it down help us or be detrimental to our scores?
I know normally no new credit leading up to mortgage app. but we don't really use credit, we have a skinny file. 2 CC, 1 auto and that's it now that my truck is paid for.
Thanks for any insight..