I was pre approved, found a home, have inspection and appraisal ordered. My LO told me not to app for any new credit which i havnt but I just realized that i have a new capital one card with a 500 dollar limit that i was approved for in November that has not shown up on my reports yet and I just started this loan process a few weeks ago so you can clearly see the inquiry was in november and i have not done anything new. How will this affect anything or am I being paranoid? MY LO asked me about the inquiry and i explained to him that it was in november and he didnt seem to concerned but my nerves are on edge.
The LO knows about it then don't worry about it. Inquiries before applying for a mortgage is different that those done after applying for a mortgage. Remember that processing/approving one's mortgage application is a "black art" practiced by magicians ... aka underwriters.