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When you get a mortgage, how much does your credit score decrease?

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Anonymous
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When you get a mortgage, how much does your credit score decrease?

 
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Anonymous
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Re: When you get a mortgage, how much does your credit score decrease?

After the hit for the INQ's

Most people scores actually INCREASE for mix of credit-
TU loves to see a mortgage on the Credit Report.
Message 2 of 3
ShanetheMortgageMan
Super Contributor

Re: When you get a mortgage, how much does your credit score decrease?



Timothy wrote:
After the hit for the INQ's

Most people scores actually INCREASE for mix of credit-
TU loves to see a mortgage on the Credit Report.


I would say 4-6 months after the mortgage is obtained you'd see the increase up & beyond where your scores were previously, as there is also a decrease for brand new credit with large balances from what I've seen.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
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