My girlfriend and I went to get a home loan from Bank of America. We both have good credit and decent jobs. We also have a 20% down payment. Only looking for a house anywhere from 140,000 to 175,000 dollars.
We were not preapproved because I only had two lines of credit (even though I have spent thousands of dollars on these cards and paid them off in full on time). They wanted four lines of credit.
The banker lady told us to put my name on 2 of my girlfriends credit cards, and to wait for 30 days. She said this would work. We did this.
To avoid this issue in the future, I opened up 4 new credit cards on the same day (in addition to my girlfriend adding me to two of hers).
How stupid of a move was this? Being a hard check, I know it knocks some points off of my credit score, and makes me look desperate.
I bought 400 dollars worth of clothes at Express (because I am starting a new job). They said if I applied for an Express Store card, I would save 75 dollars. I did. I was rejected, which worries me.
Then during that week, I used each of my four new card for some small purchases and already paid them off.
When I go back to the bank to get preapproved, am I going to be screwed?
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