When to apply Home Equity Loan?

[dave1980]

Last month, I paid off my car loan and credit card bumped up to now 752. A week ago I brought down one of my credit card utilization from 98% to 55%.
My current DTI is less than 40%. I do have sufficient equity in my home to seek out an Home Equity loan.

Is there any reason for me to wait for 3 months to maintain that 752 credit score or can I apply Home Equity loan next month itself?
In other words, is it possible that lenders typically look at "what is the average debts hung around for last 3 months" and determine the rates, terms?

[ShanetheMortgageMan]

As soon as your credit scores are where you'd like them to be you can apply for a home equity loan, no need to wait until they've been there for multiple months.  It'd have no impact on what you'd qualify for or the terms.