FlyerTalk Forums - View Single Post - 1st mortgage soon...should I partake?
View Single Post
Old Aug 5, 2011 | 9:21 am
  #8  
Flyer_70
FlyerTalk Evangelist
10 Countries Visited
20 Countries Visited
30 Countries Visited
15 Years on Site
 
Join Date: Sep 2006
Programs: Fabulous on one of the US carriers..
Posts: 11,878
Originally Posted by sam007
Guys

Sorry but could not find the right board for this question

I want to apply for 3-4 credit cards to take advantage of offers – already have three 75k Citi cards from 10 months ago which I'll cancel soon. After I cancel them, I'll be left with 5 credit cards

I may be applying for my 1st mortgage in about 3 months. My current score is 775. Do you know if raking in 3-4 additional cards in the next few months will possibly harm my home mortgage application? Will the bank see me as someone who has too many revolving accounts? Mind you my debt to credit ratio will remain low at about 5%


Thanks!
Don't do a thing until you have your mortgage closed. It is impossible to tell what will happen with those actions so better safe than sorry. And no major purchases either.
Flyer_70 is offline