Getting ready to close my first home in about 30 days. Excited and scared at the same time now that I am carrying a monthly $2500 mortgage for the next 30 years. Anyways, I was told that taking on a new mortgage will decrease the credit score? Vice-versa, I also heard that in increases it too. Which one is true? Anybody bought a home and see any of the scenarios I mention? My goal is to hit 700 mid-score (currently 660 mid) so I can refinance the auto loan to a lower rate offerred by my bank but stips is 700 score to do so. I would be saving about $60-80 per month which will help out toward the extra expenses with new home ownership. Any info would help and thanks again. Good luck to all!