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We currently own one house that we rent out, and we are in the process of trying to purchase a new one. I have been carefully working on raising my credit score for the last year and have it at a borderline level. Now our Metlife Mortgage is being sold Chase. I checked my credit scores on friday and it is listing my mortgage at a 0 balance. Furthermore, my credit score went down by three points, which could make a huge difference. I am starting to freak out here a little that the actions of big banks could us so much. What can I expect going forward? One of my strongest points on my credit score is length of history. Will the mortgage through chase show up as a new account on my credit score and totally wreck all of my efforts?
thanks!
Thank you, that makes me feel better!