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What will paying off my morgage do to my CR scores?

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trc1963
Established Member

What will paying off my morgage do to my CR scores?

I am selling my house and will no longer show that I'm paying a large morgage each month..  I will not be buying another house anytime soon.
 
What do you guys think this will do to my score?
(08/15/07) TU 643, EQ 660, EX653
(11/16/07) TU 643, EQ 685, EX653
(01/05/08) TU 660,EQ 660, EX685
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Anonymous
Not applicable

Re: What will paying off my morgage do to my CR scores?

It is posible you will take a small hit for your MIX of CREDIT
 
TU likes to see an active mortgage-
 
Now- if you have proceeds from the selling of the house and are paying off revolving debt - that will boost you more than the hit from losing the mortgage-
Message 2 of 2
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