I think you should talk to the mortgage professional who will pull your credit and if you have negative information on the report that should be addressed he or she will show you what you need to to get it corrected. Look at the mortgage person as more than the person processing your loan, but as someone who can advise you prior to starting the financing process.... more
While I feel most will likely say "No!", that isn't always the correct answer. While I admit it'd be foolish to do in a lot of situations, there are some situations where it may be a necessity (like this giant bus-sized 6 ton satellite that is heading into us taking out someone's car + master bedroom set) and so in those specific situations...
1. Your loan officer has verified enough assets to be able to qualify excluding the portion that will be used to purchase the furniture or car outright
2. You are financing it, then only if can qualify with the new financing payment included in your debt to income ratio + reducing the available liquid assets by the amount used as a down payment towards the furniture and/or car
3. The initial credit report is expiring (usually 90 days), you are financing it, and if you have the credit scores to be able to weather the "hit" scores usually take from opening a new account
4. You aren't using any mortgage financing and you don't need the funds to purchase the home outright
A competent loan officer should be able to figure out #1 & #2, make a very reasonable estimate on #3 which would determine if it's advisable to do or not, and of course wouldn't play into things on #4.... more