Credit score lower after refinance? - Posted by Wade

Posted by John on July 12, 2005 at 01:39:37:

Yes because of the pulling of your credit report probably 1-3 times during the process. It should not be a drastic drop but a couple points

Credit score lower after refinance? - Posted by Wade

Posted by Wade on July 11, 2005 at 22:40:28:

Does credit score lower after you refinance my existing 80/20 home mortgage?

Wade

Re: Credit score lower after refinance? - Posted by Randy (SD)

Posted by Randy (SD) on July 12, 2005 at 08:44:07:

As John posted the inquiries may result in a lower store but you also have the new debt, you have replaced established debt payment history with the new un-established debt and it will take a few months for the new payment history to begin to report. Your score should come back up fairly quickly assuming you refrain from establishing additional debt and keep your payments current.