Does consolidating credit cards affect credit score

Underwriters look at both your credit report and credit score when making a lending decision.

Think of your credit report as your financial report card.

You can pull all three at the same time, or space them out.

If your credit report is your financial report card, your credit score is like your financial grade point average.

DTI shows the impact your mortgage payment could potentially have on your finances.

Studies have shown that borrowers with a higher DTI have a harder time making their mortgage payments. Credit history is a critical part of applying for a mortgage.

The Promissory Note is the document you will sign indicating your promise to repay your mortgage.