Archive for December, 2008

We are preapproved for a home loan and have a credit card question?

Friday, December 5th, 2008
home mortgage loan credit
mom2abigsis asked:


Okay, so we have gone through the process to buy a home…preapproved through a bank for a mortgage loan, found a home, did the offer, and the inspection was just finished Friday. Our closing day is June 20th and in the beginning of May we went on vacation and fixed something where we currently live that used our credit limit of $1000. Our realtor said the next credit check the bank will do will be 24 hours prior to closing. Will the credit card keep our loan from going through?
Yes, this is our only credit card.

Harry