Hello all,
I am in the process of closing on my first home. I've been living on a pretty good budget for the past months and have put away almost an additional $1,000 since I signed all my disclosures. However, I've also unfortunately added about $300 to my credit cards that I won't have paid off by the time of closing. My utilization rate will be about 15%, could this credit card balance impact my closing at all? When I signed my disclosures, my balance was at $110 and it's going to be about $325 if they pulled my report before closing. Should I be alright as long as I keep the balance below the 30% utilization rate? Or would they simply look at how much my monthly payments will be for the debt to income ratio?
Thank you for your assistance!
Submitted May 08, 2018 at 07:09AM by King_Stannis https://ift.tt/2K3CAFu
