Mortgage and average age of accounts

Anonymous · ‎09-21-2008

Does a mortgage count towards the AAoA? Or are only CC considered?
I'm close to get a mortgage and I wanna know. Any idea?

Anonymous · ‎09-21-2008

all accounts are calulated in AAoA.

Motgages, SL's, Auto loans, Sig loans, CC's,

If it displays as a Trade line (TL) it is calculated in AAoA.

GFer · ‎09-23-2008

Thank you! (I wasn't clear on this myself)

Wow, Timothy...I've never seen you 'over here'.

Thought they had you locked in credit forums!

EQ 817, EX 815, TU 813 (Updated 1/5/18: TU 843

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Anonymous · ‎09-23-2008

I can go anywhere I want to-

I have gone though 3 mortgages- all on the same house and have many friends in the industry. I used to work for a company that made apprasial software.

I am actually looking at a re-fi myself In Oct or Nov if I can get the rate I want. I am at 6.3 fixed 30 years and would need to get it to <=5.5 to make it worth my time/money.

I had to wait for my HELOC to be a year old to use FHA.

GFer wrote:

Thank you! (I wasn't clear on this myself)

Wow, Timothy...I've never seen you 'over here'.

Thought they had you locked in credit forums!