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Mortgage Application - Balance Transfers

I had a sudden job opportunity in my old town and I'm interested in buying a house. I have enough for my down payment in my savings account, but two weeks ago, I had used one of those Balance Transfer checks and deposited a large sum of money to consolidate my wife's credit cards. She is disabled from an incident 9 years ago and has carried her own debt so I've been chipping away at it.

Even though I'm taking on her debt, my DTI will still be good and I have the down payment in my savings account. But I'm assuming cashing a large balance transfer check will reflect negatively on my loan based on some of the horror stories I've read here. I had intended to get a mortgage without her as co-borrower since she doesn't work and has her old debts.

My question is whether or not I will need to explain a large deposit and payout to other credit cards if none of that money will be used in for the deposit and closing costs? I had read someone mention the LO being able to "back out that deposit" since it isn't needed for any of my costs for the mortgage.

submitted by /u/Organic_Art2455
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source https://www.reddit.com/r/RealEstate/comments/noxrm1/mortgage_application_balance_transfers/
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