@775orbust OK some great advice here, but we’ve got a faulty premise that we need to explore.
First, when you paid off the loan, the 20 points you lost, I guarantee it was on version 8+, not the mortgage scores, right? Consequently your proposed action of replacing it, even if you could, could only hope to replace points to version 8, not to the mortgage scores. So all this is irrelevant to a mortgage anyway, because they don’t use version 8. SSLs, all those strategies are for version 8, not mortgages.
One other clarification. This has absolutely nothing to do with mix. As long as you have a closed loan on your record, which you do, you have your mix points.
Version 8 gives you bonus points for having a installment loan paid down to a certain threshold, and then it gives you even more points when you get to the lesser threshold. But, once you pay it off and close it, you lose those bonus points that you had been given when you had previously paid it down and earned those bonus points. That’s what happened when you paid off your loan.
In sum, paying off that loan didn’t hurt your mortgage scores. Go find out what your true fico mortgage scores are upon practicing AZEO and give us your profile specifics and we’ll see where you’re at.
As @Anonymous and @RadioRob said, taking on new debt in the run up to a mortgage is the absolute worst thing that you can do. Good thing you came here and sought advice! Good on you!
