The same week my husband looked into a balance transfer credit card I started an application for a mortgage refinance to get rid of some credit card debt. My husband was turned down for the credit card now he is worried about the mortgage finance. We have had our mortgage with the same bank for 11 years. WIll there be a problem with the refinance? Like I said they alreaqdy saw our credit bureau reports and they were fine.
The two things don’t have anything to do with each other.
You don’t say why you got turned down for the card. The card company was required to tell you why they turned you down.
The mortgage company is going to be mainly interested in how much equity you have in your house. Because you are pledging a house as collateral, and with a card, you are giving no collateral, the two lenders will tend to look at things differently.