Asked by Alfredoinb, Laredo, TX • Sat Dec 22, 2012
I want to transfer 8 credit card balances to 1 with a 0% interest offer. I have been pre-approved(prequalified) for a home via conventional loan financing. My.monthly payment for credit cards would be cut in half by doing.this. The credit card with a 0% offer would direct deposit the money needed to pay off other credit cards into my checking account. Does anyone think this will affect my loan status? Ill be closing in mid Feb. Credit score is 720. Ltv of loan 97%.
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