Originally Posted by
Beachchaser
The rate I got is excellent, my loan officer was up front with me and told me the underwriters were super conservative and new credit applications during the process could result in the loan not closing but they offered a cash out refinance which would result in more debt 🤔
Better safe than sorry but if your credit history is solid an app or 2 probably wouldn't effect anything..............if you have a credit monitor ( Credit Journey is free at Chase and Fargo gives free Fico scores) you can see how little opening a card effects your score.
According to Wells Fargo My Fico was 817 in Feb, 815 in March, 819 in April, 820 in June and 820 in July..................I opened 3 new cards during that time period according to the report and my credit utilization is 1%.
Oddly enough Citi denied me a premier card last month stating I had too LITTLE credit utilization, lol