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Updated about 2 years ago,

User Stats

9
Posts
6
Votes
Deven L. Richardson
  • Real Estate Agent
  • South Orange, NJ
6
Votes |
9
Posts

Getting Pre-Approved after opening credit card?

Deven L. Richardson
  • Real Estate Agent
  • South Orange, NJ
Posted

Hi BP Community,

My wife and I weren't going to look for our first home until the spring of 2023, so she decided to get a new credit card earlier this month. While casually scrolling through realtor.com, we actually found a house with the ideal number of beds and baths (Northern NJ) that's in our price range and the sellers are very motivated, and the numbers make sense. My question is if we pulled the trigger for a pre-approval, would lenders look at the newly opened credit card be a cause for concern? Any input would be appreciated

Thanks BP!

P.S other factors lenders look at such as credit score and job security is not a cause for concern.

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