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Balance Transfer after Mortgage Approval
shutter
Posts: 12 Forumite
Hi
Could somebody advise me whether its wise to do Balance transfer after mortgage approval.
One of my CC 0% offer is ending this month is 3.5K , which I already declared with my mortgage application. Mortgage was approved by taking this into consideration and there is no clause on approval that I need to pay in full.
My question is if I do a another 0% for this debt into one of my existing cards ( already there is a promotional 0% offer) does it flag in my credit report and can cause any harm to my mortgage approval?
Thanks
Could somebody advise me whether its wise to do Balance transfer after mortgage approval.
One of my CC 0% offer is ending this month is 3.5K , which I already declared with my mortgage application. Mortgage was approved by taking this into consideration and there is no clause on approval that I need to pay in full.
My question is if I do a another 0% for this debt into one of my existing cards ( already there is a promotional 0% offer) does it flag in my credit report and can cause any harm to my mortgage approval?
Thanks
0
Comments
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They may check again before completion, but even if they do, I can't see why it would matter. If you have no more debt than before, and no more credit availability than before, your situation is materially the same.0
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