https://ficoforums.myfico.com/t5/Mortgage-Loans/Closing-a-loan/m-p/6296676#M250964 <P>You are more&nbsp;likely to see a score decrease than an increase when paying off an instament loan. I recommend not doing it</P><P>&nbsp;</P> Tue, 06 Apr 2021 02:28:58 GMT Mortgage-Specialist 2021-04-06T02:28:58Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Closing-a-loan/m-p/6296118#M250952 <P class="lia-align-right">&nbsp;Hi everyone! My MMS is 12 points away from where I need it to be for a USDA loan. I am on month two of AZEO. I have one charge off with a large balance that I settled 3 weeks ago. I'm waiting for that to update and hoping it gives me a few points. I currently have my auto loan and a self loan I impulsively opened in January. Do you think paying off my self loan will help or hurt my mortgage scores? It's only updated once (in January), which is super annoying, but I think having less installment accounts with a balance is the way to go. Right?&nbsp;<BR /><BR /></P><P>thank you!</P> Mon, 05 Apr 2021 16:00:02 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Closing-a-loan/m-p/6296118#M250952 Anonymous 2021-04-05T16:00:02Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Closing-a-loan/m-p/6296676#M250964 <P>You are more&nbsp;likely to see a score decrease than an increase when paying off an instament loan. I recommend not doing it</P><P>&nbsp;</P> Tue, 06 Apr 2021 02:28:58 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Closing-a-loan/m-p/6296676#M250964 Mortgage-Specialist 2021-04-06T02:28:58Z