LOC Limit Increase and Conditional Mortgage Approval
I have been granted conditional approval for a mortgage on a pre-construction house that closes in April 2027. Some of the conditions are showing I have 1.5 percent of the homes value in closing costs in my account and then showing them my bank statement of all deposits being paid to the builder.
I want to apply to increase my LOC limit incase of any last minute costs not calculated or accounted for by me of my lawyer. Would applying for a credit limit increase without using any of the money or increasing my debt retract my conditional offer for the mortgage I am approved for?
Posted Jul 11, 2026, 2:31 PM UTC
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