How do I apply the effect of my credit to refinance?

In: Mortgage Refinance

26 Jul 2010

I forgot that I wanted to refinance my mortgage, I have inadvertently apply for an invitation in response to a credit card. As soon as I notice it was too late. Although I do not consent .. they already run my credit card.

1) What will be reduced by the use of credit score?
2) Would it be better to cancel the application? Or keep it? Because they already run the credit report it would make a difference?

A new credit card will not lower your score 20 points. Here are some points of investigation thing, but it should not have much impact on your score.

It will hurt to process your application for a mortgage. It is bad to open new credit cards before applying for a mortgage. Too late now to do something. Just keep your fingers crossed and hope that the rest of your credit score good enough to overcome this new credit line.



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