Actually, both. Any increase in your month-to-month obligations will affect your budget and thus your affordability. This is one of the most hard-and-fast rules when getting a mortgage anywhere, not just with NACA.
So Tim just to make sure I understand. If you have credit cards, what you submitted when you turned in your statements to underwriting is where you need to stay at or under for each card or the total balance of all cards? I am still in underwriting but on 2 of my credit cards charges were pending that had not yet posted on a new statement after the ones submitted to NACA totalling about an extra 400. Will this stop my credit access or will they just make me pay this down. I have been continuing to make my regular payments on my cards which when i add the debt total up is less than what the total debt amount was when i submitted all our statements to NACA. Hope this makes sense.
The real “trick” to this one is going to be having those new charges paid off before your credit file is pulled again by the bank at the application stage, and doing it without messing up your Payment Shock or MRF.
In the meantime, get the credit card statements submitted to your file along with a Letter of Explanation stating essentially what you shared here. Between that and the other things you wrote, you should be okay.