Hello All! I am about to refinance my primary residence. The score simulator says my score will take a 35 point hit. I understand this is because my loan will no longer be seasoned. However, I will still have a seasoned loan for my investment property. Think this might save me from the hit or do you think the simulator is taking my other seasoned loan into account when predicting the hit? I realize this is pure speculation 
@Anonymous wrote:Hello All! I am about to refinance my primary residence. The score simulator says my score will take a 35 point hit. I understand this is because my loan will no longer be seasoned. However, I will still have a seasoned loan for my investment property. Think this might save me from the hit or do you think the simulator is taking my other seasoned loan into account when predicting the hit? I realize this is pure speculation
So is the simulator. You'll probably see a short term dip, but I doubt it will be as high as 35 points.
FICO 8 depends before and after installment utilization.
It's suggesting a 40ish point drop for me with a new mortgage impending; guess we'll see how on top of things it is. I do know I gained 35ish points by tweaking things related to this so it might not be out of the realm of possibility if mortgages count the same as personal and auto loans appear to.
