cancel
Showing results for 
Search instead for 
Did you mean: 

bought second house

tag
Anonymous
Not applicable

bought second house

Will my score be lowered since I bought a second home?  My first house is rented out and it is paying for itself.  The second home I purchased has a monthly payment that is $2 less than my first home.  Is this whole situation going to destroy my credit?  I have a $1500 debt on a credit card and no other bills.

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: bought second house

you will take a short term hit but it should correct in 6-12 months

Message 2 of 3
Anonymous
Not applicable

Re: bought second house

You should be fine, just pay your bills on time. Make sure to have some reserves in the bank for that rental. 

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.