I am in the process of a new construction build. I entered contract in September, and was pre-approved + loan committment in October 9, 2018 with mortgage score of 674. Since then, (5 months) I've paid off all my credit card debts and my mortgage score has increased to +/-750 with $670 less monthly obligations (due to paid off cc's), my question is, will the Lender use my updated score & DTI once home is complete and we being the closing process? Or will they use what they had during my pre-approval to be conservative?
We're doing a 5/1 ARM, bank statement only program.
