open a new credit card: If Buying a house soon, don't open a new charge card
- 04/21/13 04:49 PM
If you are buying a house soon, don't open a new charge card Example of how opening a new charge card before and during applying for a mortgage loan can hurt you. Let’s say you are in the market to purchase a home sometime soon. You currently have two credit cards MC and Visa for 10 years and 8 years, respectively. You have good history of payments with large credit lines of $5,000 and $10,000. Your current balances on these two credit cards are $1,000 and $2,900 respectively. You had no inquiries for opening a new card in last two years … (14 comments)
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Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055
Homes for Sale in Plano, Frisco, Prosper, Allen TX
If you are buying a house soon, don't open a new charge card
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