Home Refinance

[Anonymous]

Will refinancing my current home drop my FICO score? I'm being told that it can drop from 50 to 100 points.

[llecs]

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Neptune wrote:
Will refinancing my current home drop my FICO score? I'm being told that it can drop from 50 to 100 points.

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Doesn't sound right. It isn't uncommon to lose points with a new TL reporting, like a mortgage. I've had hits of 20-25 pts and most of the loss was temporary for the first 4-6 months. And it is possible to lose a small few if the old TL closes. But 50 is too much. Maybe 30 at most with a rebound after a short time.

[n2win]

I refinanced in May.  When it finally started reporting (took a few months) I lost about 5 points...