Re: How # of cards with balance can effect FICO score
03-25-2012 02:01 AM
Wait, is the SIZE of my mortgage factored into my FICO??!!! I live where houses cost more. That does not seem fair.
Am I being penalized for doing a Re-fi? I refi'd with no cash out, so my mortage started over with 100% due, nothing paid off. Are you penalized for % paid/not paid too? I am not even underwater... again not fair.
It will be years until a new mortgage gets a good ratio.
Please tell me I am misunderstanding this tidbit of information.
I trust lel did so, and I apologize if my post caused you unnecessary concern. My situation was similar to, actually worse than yours: I also did a refi, but *with* a substantial cashout. I assumed that was the cause of my scores dropping a bit, but now I don't know what the cause was.
Starting Score: EQ 804 - (April 2009)
Upgraded thanks to FICO Forums: EQ 813 / EX 842 / TU 823 - (FICO scores from mortgage lenders, June 2010)
Recent Scores: EQ 807 / TU 799 - (March 2012)
Goal: Survive Another Day
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