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Will a new Mortgage hurt my FICO?

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grc123
Established Member

Will a new Mortgage hurt my FICO?

Will refinancing my home impact my FICO score?

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1 REPLY 1
llecs
Moderator Emeritus

Re: Will a new Mortgage hurt my FICO?

It could. When you refi your new mortgage will report and that can impact your average age of accounts as well as ding you for the new credit reporting. The amount of the ding will vary based on your credit, but I would expect to fully recover inside a year and the ding would be 20 or less. Again, YMMV. Could be more or less.

Message 2 of 2
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