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Thread: CC chasing and mortgage approval
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Old Jul 4, 2011 | 1:43 am
  #14  
jmw2323
 
Join Date: Mar 2010
Location: ORD
Programs: HH Diamond, Hyatt Globalist, Bonvoy Platinum
Posts: 1,028
Originally Posted by justinc848
Everything quoted here is completely false.

Cancelling cards may lower your score if it increases overall utilization. Decreasing limits may lower your score for the same reason.

Available credit is NOT debt and therefore is NOT included in one's DTI ratio.
so if you make say 100k/yr and have numerous cc with a total credit line of 200k, this is a good thing? mortgage company will think low risk?
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