Hi! We're first time homebuyers looking to purchase in the next 4-8 months. In the meantime, I'd love to maximize our down payment savings, which we currently have sitting in a high-yield savings account.
I was thinking my partner and I could each take advantage of the $700 Citi sign up bonus (deposit 50K for 60 days), however we're a little hesitant to do this since we're not sure if having multiple savings accounts, or recently opening new accounts and moving money around, will negatively impact us when we apply for a mortgage in the next few months.
Should we go ahead and try for the sign up bonuses since we don't need our saved up down payment money right now, or is this just not worth it--either because it could negatively impact us when we go to secure a mortgage in the next few months, or just because it creates more paperwork for us when we know we're going to be applying for a loan soon (more accounts we have to list/document, etc.).