home loans – mortgage refinance second mortage

July 12, 2009

Mortgage affects credit score by how much?

Filed under: Personal Finance — Tags: , , , — admin @ 12:39 am
Aaron asked:


I had a score of around 700 and recently bought a home for 200k. I got a 30 year fixed loan at 5 percent. I’m only 23… Well I just checked my score and its now 687. I’m guessing my score went down due to mortgage loan. How long will it take to go back up? And how much does a mortgage improve my credit?

ISIAH

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