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I'm in the process of getting a home equity loan. my current credit scores run from 715-740. Once i do refinance, how long does that drop my credit score for on average.running it through the program on this site says it will drop my scores an average of 30points.
@Anonymous wrote:I'm in the process of getting a home equity loan. my current credit scores run from 715-740. Once i do refinance, how long does that drop my credit score for on average.running it through the program on this site says it will drop my scores an average of 30points.
This is a difficult question to answer as you are seeking a definitive answer and there is none. Every profile is different and based on what is in your file, it will varies. What the program is giving you is not set in stone. So it is a toss up.