@Anonymous wrote:
I recently refinanced my mortgage. Will the paid in full status of the old loan boost my credit score?
thanks!
I'm afraid it probably won't because you now have a new loan which required a new application, new inquiry, and a new credit line reporting. All those will likely cost you a few points but your score should rebound in 6-12 months depending on what else is reporting.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
