I want to forecast what will happen to my credit score after I commit to a mortgage loan. Any input will help, thank you very much.
How Many Points Do You Lose on You Credit Score After Getting a Mortgage Loan?
Refinancing Loan
How to refinance loans
You shouldn’t lose any as long as you make your payments on time.
Typically your score will only temporarily drop..often times significantly as much as 50 points, sometimes even more..but after about 4 months..your score will BEGIN to restore your health…and after 12 months your score (assuming you pay the mortgage on time) will in fact increase significantly from where it was “pre-mortgage”…