<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by PsychoFreakGoalie:
Cancelling your card before you sell your home may not necessarily do anything to help your credit score, it may actually hurt it.
For questions about credit and how to improve it, I'd recommend the CreditNet message boards (I think it's www.creditnet.com but not sure)
[This message has been edited by PsychoFreakGoalie (edited 07-14-2003).]</font>
As long as you don't open up a bunch of accounts at once, keep your bills paid up, and don't carry high balances, you should be OK.
I bought a house about 5 1/2 years ago, and just refinanced it. I have many, many Visa MasterCards with large credit limits, plus an enormous amount of other credit cards which I don't use.. But they're almost always paid in full and never paid late. I have a very high credit score, thus my mortgage company (Wells Fargo) seems to care less how many credit cards I have.
Just, FYI, last month they gave me a no-fee/no-points/no-closing costs 15 year / 5% mortgage as a refi.