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Why is mortgage score so much lower??

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Anonymous
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Re: Why is mortgage score so much lower??


@Anonymous wrote:

Great question re; fico scores 2, 4, & 5.  I was wondering why mine were so much lower than my other scores also.  And, like yours these scores never seem to budget!  Thanks again for asking this question!


@Anonymous yes there are many differences between the mortgage Scores and 8/9. They definitely penalize you much longer for new accounts, and for the mortgage Scores, any new account can cause scorecard reassignment, whereas for 8/9 it's just revolvers and open-ended accounts that cause scorecard reassignment.

 

you might find the Scoring Primer linked in my signature helpful. It attempts to explain a lot. 

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