Is a mortgage and two Visa cards issued by my CU's enough of a mix? My auto loan is going to fall off April '14 so I'll lose that tradeline. Reason I ask is because I'm thinking of buying a new laptop. I have the cash to pay in full but I was considering getting a personal installment loan. I'm not sure I want another inquiry though - I have 5 total (3 EQ and 2 TU) from apping and CLI my Visa cards). My goal is to either modify my mortgage or possibly refi if harp 3.0 extends to lenders other than Fannie Mae or Freddie Mac (my CU never sold off my mortgage, and they don't currently participate in harp). Thoughts?
From my experience, it should not hurt your score. Are you saying the auto loan will be paid off or that your auto loan is paid off and is over ten years old?
Auto loan is paid off and it'll hit 10 years old next year. It will also lower the average age of my accounts. My mortgage was opened in '06 and the Visa cards January '13 and April '13.
