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New Mortgage Effect?

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Wovenyarn
Regular Contributor
‎10-01-2015 01:39 PM
‎10-01-2015 01:39 PM

New Mortgage Effect?

How will my new mortgage impact my scores when it starts reporting?  Will my scores take a hit initially and then go back up?

Freedom $3k, DCU $5k, BoA Rewards $1k, BoA Americard $2k, Barclay's Ring $3k, Cap 1 Plat $2k, QS1 $2k, Discover IT $500, Lowe's $10k

Scores: EQ 687, TU 709, EX 692
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Anonymous
Not applicable
‎10-01-2015 04:01 PM
‎10-01-2015 04:01 PM

Re: New Mortgage Effect?

Likely will take a slight hit initially, after a few months it should climb higher than it was pre-mortgage.

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Anonymous
Not applicable
‎10-02-2015 09:13 AM
‎10-02-2015 09:13 AM

Re: New Mortgage Effect?

My calculator is saying I'll lose 5 points initially and my loan officer is saying it will then climb up higher than it was within a few months.

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Luscher
Valued Contributor
‎10-03-2015 02:43 PM
‎10-03-2015 02:43 PM

Re: New Mortgage Effect?

True^^^^
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
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