How does the # of, and balance on credit cards affect your morgage application?

Navigation »Bad Credit Repair Discussion Forum » How does the # of, and balance on credit cards affect your morgage application?

Casino Navigation
Home	Video Poker	Blackjack	Sports Betting Pool	Lottery	Slots	Texas Hold 'em	Let 'em Ride	Roulette

Notices

Welcome to the Infinite Credit forums.

You are currently viewing our Free Credit Repair Forums as a guest which gives you limited access to view most discussions and access our other features. By joining our free credit repair community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content. Due to bandwidth constraints, PDF files can only be downloaded by registered Members.

Fix your own personal credit, the same way a credit repair company would. Registration is fast, simple and absolutely free so please, join our community today Please note that we are not attorneys, we are not selling anything, nothing on this site may be construed as legal advice.

If you have any problems with the registration process or your account login, please contact us.

Yahoo Answers! Credit Cards This is a RSS feed for Topics from Yahoo Answers! That pertain to the discussion of credit cards, bad credit cards and credit limits. Feel free to discuss this in the credit card discussion Forum. MEMBERS WITH THE DESIGNATION Powered by Yahoo! Answers under their names ARE BOOTS FROM YAHOO ANSWER...! NEW THREADS MUST BE STARTED ON REGULAR FORUMS, MEMBERS ARE HOWEVER ABLE TO ANSWER OR PARTICIPATE WITH CURRENT THREADS...

LinkBack

Thread Tools

09-30-2007, 01:23 AM	#1 (permalink)
spartyjon Guest Posts: n/a Casino Cash: $	How does the # of, and balance on credit cards affect your morgage application? I thought that it was better to pay off and cancel all your credit cards before applying for a morgage. I asked a bank employee this question as I may seek a mortgage next year. She told me that it has changed somewhat. Now, it is to the buyers advantage to have many credit cards, with long history, and zero balances. I'd just like to position myself to the greatest advantage before seeking a mortgage.

« If I pay my credit card off completely every month, then how does a credit card company make | What is the best way to pay off credit cards? »

Thread Tools
Show Printable Version Email this Page

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are On Refbacks are On

All times are GMT -4. The time now is 06:10 PM.