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Author Topic: Applying for mortgage  (Read 870 times)

Offline nirc

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Applying for mortgage
« on: May 18, 2018, 02:06:26 AM »
How does opening up business credit cards impact mortgage application assuming they are within the same month (or 2)?
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Offline Mordyk

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Re: Applying for mortgage
« Reply #1 on: May 18, 2018, 07:38:21 AM »
Quote from: nirc on May 18, 2018, 02:06:26 AM
How does opening up business credit cards impact mortgage application assuming they are within the same month (or 2)?
It affects it.  Just think about it, how much value do you get from your credit card? And how much will it cost you long term if you will only be approved for a higher rate?  Hold off with applying for a credit card if your going through the mortgage process
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Offline AJK

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Re: Applying for mortgage
« Reply #2 on: May 18, 2018, 09:21:23 AM »
Quote from: nirc on May 18, 2018, 02:06:26 AM
How does opening up business credit cards impact mortgage application assuming they are within the same month (or 2)?

Pulls are recorded which may raise questions by some underwriters, but they will certainly affect score, though how much would depend on credit profile.
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