Closing your credit will negatively affect your score. I have a local loan officer who can help you and answer all your questions about getting a loan.
Please contact me by email at firstname.lastname@example.org or phone at 818-968-1691
Jhon Cordova RealtorÂ®, Acredited REO Agentâ„¢
CA DRE Lic #: 01817265
Tel: (818) 968-1691| Fax: (818) 923-5201
Search for Homes at http://www.jhoncordova.com
This type of question is best directed to your loan officer. "Receiving" a credit card is too vague for anyone to comment intelligently, and "closing one of my credit card accounts" may hurt way more than help as previously mentioned.
As a general rule, one should not apply for any other credit during the loan process or you may risk your approval. At the very least, you should figure on explaining any new credit received and if it changes your DTI figures, it could hurt your chances of qualifying.
Best wishes, Jim
By doing that, you are showing that you are able to responsibly manage your available credit, and not run it up too high.
In addition, do not run out and buy any big ticket items.............it may be tempting to open an account at Best Buy and order that big screen tv you've had your eye on, but any recent large purchases, when trying to buy a home, can negatively impact your ability to qualify for, and close on the loan.