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Hi,
my credit score decreased after a home purchase... any suggestions on for how long will I see this decrease? and is there an option to bring it back to the pre home purchase range.
Thanks
When the lender did the HP or HP's, that caused a small drop in your credit score. When you buy a home, your credit score will temporarily drop. This happens any time you pick up a new credit account. AAoA's and AoYA drtops. But once you get past the initial drop, financially responsible homeownership will likely increase your credit score more than ever before. Depends on your profile how soon that will happen. For extra points keep you util % on revolving credit or cards low. Individual and aggregate or overall util % less than 8%. Congrats on your new home!
Congrats on the home purchase. This sounds like it might be your first home purchase, you did not have a mortgage prior to this?
Which score version are you looking at?
Do you have a car loan currently open?