Applying for credit and purchasing a home.

Tips and Deals Forums Home Mortgage Applying for credit and purchasing a home.

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 8 years, 2 months ago.

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  • #227028

    Anonymous

    While I still believe it is best not to apply for new credit when applying for a mortgage I will say that in my case it did not matter. Applied and received 2 new CC’s with-in the last 2 months and applied for mortgage on June 14th. *Closed on June 27th with no issues and or conditions (yes was pretty fast as I was expecting to wait at least 30-45 days). I am sure many different things play a part in why or why not it matters, but I just wanted to pass it on that it may not matter in some circumstances.*

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    Just in case others are curious my credit scores from mortgage application ….

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    EQ; 789

    EX; 793

    TU; 802

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    DTI was only 12%….

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    Hopefully lenders are just loosening up and things will become a little easier for others. Good luck with all your home purchases.

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