If a credit card account is closed, but still has a balance, is it used in the mortgage application in the debt to income calculations?

Answers

StephenWeinstein

Yes

curtisports2

Yes. The debt is what is counted, not the status of the account (as long as the account isn't in arrears and showing as a negative on your credit reports).

sunshine_mel

Yes - presumably you're still paying it.

Eva

Yes. All outstanding debt is counted.

Judy

yes

real estate guy

Of course.