Hope this is helpful.
Prudential Fox & Roach
For seeking a mortgage it will make no difference.. If a borrowers score declines meaningfully at any time during the process, that can affect the buyers ability to get a loan, maybe making a mortgage impossible.
In any case, the bank pulls credit, not the borrower. If you want to know your score - have a look, but if you apply for a mortgage - no bank accepts customer supplied credit. EVER.
The thing is...getting a mortgage can't be "gamed." The loan application process with its many reviews and updates is specifically designed to avoid this. If a buyer is not in sound credit shape, the best thing is to find out what is needed to get into sound credit shape, do those things, then apply for a mortgage.
To do otherwise is to court disappointment, maybe loss of deposit monies, and surely a lot of headache.
Long & Foster Real Estaet
Make sure not to pay anythIng off or take on new debt without checking with a Realtor or mortgage broker. Paying off a car loan may SOUND like a good idea, but it may wipe out your cash reserves and lose you $10,000 - 20,000 in buying power.
Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
Do you have a Lender?
All the Best John Curci, Re/Max Properties 215-757-2889