Home Buying in 19149>Question Details

Nichole, Home Buyer in 19135

How much do your credit drop after you buy a home ?

Asked by Nichole, 19135 Wed May 16, 2012

Help the community by answering this question:

Answers

4
A mortgage can sometimes actually help your credit score. It shouldn't have much of a negative affect.
1 vote Thank Flag Link Wed May 16, 2012
Should not drop much at all. Bank is committing to you and your history of credit.Best of Luck!
1 vote Thank Flag Link Wed May 16, 2012
Hello Nichole,

I never noticed that mine did and I have bought a bunch. I do know that missing a mortgage payment will drop your score by about 100 points. If you make on time payments I cannot think of any reason why that question would come into play.

Regards,
Alan Openshaw
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010
NMLS ID 143960
0 votes Thank Flag Link Wed May 16, 2012
Initially you may have a small drop. But if you pay your mortgage on time your credit may be better than it was
0 votes Thank Flag Link Wed May 16, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer