Re: Mortgage that has been refinanced showing as a... - myFICO® Forums

Anonymous · ‎03-14-2008

I have a mort. account that has been re financed and has not had any reporting for 2 yrs but on my CR it shows as the account being open...........is it hurting me? correct it leave it alone??? Thanks

Anonymous · ‎03-14-2008

An open mortgage won't hurt your FICO score...if anything, it's helping.

However, if you go for another mortgage, a lender might hesitate to approve you, since that first mortgage that was refi'ed will make you look more indebted than you actually are.

Junejer · ‎03-14-2008

Does it still show the balance or is it $0 (yet open status)? If it is at a $0 balance, I would leave it alone for as long as I could, as it will remain on the CR for up to 10 years after closing it. If it never closes, it will help you for a lonnnnnggg time.

If it is showing a balance--For the latter reason stated by TNWM, I would be a bit concerned about it. D/I ratio, too many accounts with balances, util...