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credit cards when appllying for a mortgage
tiger135
Posts: 438 Forumite
is it ok to have several credit cards when applying for a mortgage?
theres only a small amount on one and the rest are zero.
is this ok or should i close them fully?
theres only a small amount on one and the rest are zero.
is this ok or should i close them fully?
0
Comments
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@tiger135 Can't speak for your specific case but generally speaking, as far as a mortgage app is concerned, whether an applicant has 4 credit cards with zero balance or 1 cc with zero balance or none at all, it's unlikely to make a significant difference one way or the other.
Personally, I might just leave one or two credit cards that I need open and close the rest just to keep things tidy.tiger135 said:is it ok to have several credit cards when applying for a mortgage?
theres only a small amount on one and the rest are zero.
is this ok or should i close them fully?I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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