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Why Buying a House Hurts Your Credit Score

These answers of course are based on the basic model of how credit scoring works Nonetheless there is a myriad of minor factors that will determine how much score you will lose and how long will it take you to recover Every borrowers situation varies We could have a unique mix of the average age of credit payment history the total number of lines of credit and other financial factors.

Kelly Wilson

@ I am a feelancer | Posted 21 Jan, 2019 | Finance

Posted By: Kelly Wilson (Posted 21 Jan, 2019)

Why Buying a House Hurts Your Credit Score


Financial gurus encourage consumers to keep their credit score in good shape. This will increases your chance of mortgage approval.

But here’s the kicker:

Fewer financial experts will discuss how your mortgage can drag your credit score.

To clearly explain it, let’s go to the basics of a …

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