So, aspiring homeowner, it's crucial that you pay everything absolutely on time — even for things like utilities that don't normally report to credit bureaus --- because that will be
counted on your mortgage application.
Not exact matches
Any
mortgage inquiries within a normal shopping period — which can be from two weeks to 45 days, depending
on the version of the FICO score — will
count as a single inquiry for scoring purposes, no matter how many
applications you complete.
Note that if you have joint bank and investment accounts, this money can be used for your down payment and
counted as an asset
on your
mortgage application.
Mortgage lenders will not
count student loan proceeds
on a home loan
application.
Note that if you have joint bank and investment accounts, this money can be used for your down payment and
counted as an asset
on your
mortgage application.