Personal loan

[Boxermom1]

Hi all.  I am considering getting a personal loan for $10000.  $7500 would be used for a major purchase, and the remainder would be used to pay off all of my credit cards.  My FICO score 8 is between 670 and 700.  PenFed has offered $10000 for 5 years at 11.9%.  Right now I have 3 car payments, one of which is nearly paid off, another one will be paid off within 6 months.  The highest payment of $277 is the one nearly paid off.  I have 4 credit cards with very low balances and a paypal with about $2000 left to pay.  Those I will pay off with loan, if I decide to go that route.  What I need to know before I make any stupid decisions is how will this affect my credit scores.  I'd like to get a mortgage in the next year when I retire, so I have to consider how it will affect me.  I would pay off the loan when I retire in July or August and would likely be wanting to go mortgage hunting soon afterwards.  

[CaptJOB]

Best not to open new accounts in the 12 months leading up to a mortgage app. 0% offer on an existing credit line would be ideal if possible instead of a loan.

[FireMedic1]

It may be none of our business what the $7500 is for. But wouldnt you want to hold off until the biggest investment in life is done? Unless its needed immediately.  Use the next year to pay down the debt w/o a loan. Get the house. Just a thought.

[Boxermom1]

Furniture for the new house.  I was hoping to be able to pay it off before I get the house, but it looks as though I will just wait until I retire and use some of those funds.  

[FireMedic1]

Priority number one is the house. After that have a field day!