Artygal90
DIS Veteran
- Joined
- Aug 1, 2017
I haven't had a chance to skim much over the past 2 weeks because....we are buying a house! After 8 years of house hunting, we have finally found something that we like and is do-able financially (a little bit on the higher end of the budget) but it's the bay area and I feel like if we don't go for it, we'll be renting for the next 20 more years. We submitted an offer today and hopefully will hear back soon!
Question for those of you who have bought a house while in the cc game. We didn't realize this would happen, so in the past few months I have inquiries from Barclays and Citi on my credit report. DH has 1 from Chase. If our scores are still pretty good, will it impact our mortgage prospects?
I had originally planned on app'ing for the new Hilton Biz card expiring 8/28 and eligible for another Citi biz in Sept, but should I lay off the apps? For how long - until mortgage app is submitted or until closed? I really need a new card(s) for all the MSR we'll have with moving costs and some basic upgrades we want to do before we move in.
Congrats!
No one asked about our credit card applications but our most recent one was mid-February and we applied for our loan in mid-April. Our loan officer and realtor advised us not to apply for any new lines of credit while house hunting or while under contract. There was also a document we had to sign at closing saying that we had not taken out any new debt between our loan application and closing. When I asked our loan officer when we could apply for a new card for a signup bonus she said the day after closing was fine, although we may need to provide a letter of explanation at some point later if the loan gets sold.
I submitted my DH's application for his first CIP this morning (closed yesterday afternoon) and am patiently waiting for it to be approved. I might make him call since we have several big purchases to make and need to get started sooner rather than later!