Purchasing a House Could Hurt Your Credit Score

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by Nicole Ortiz / Posted by March 10 2019 / In Credit Scores

Despite making sure your credit score is good enough to get a mortgage loan, there’s a good chance that the mortgage will take your score down a few pegs. In fact, some see their score drop by at least 40 points. “If you have high utilization on credit cards or other credit lines, and then take a relatively large mortgage relative to your income and credit history, you can have a bigger decline,” said Tendayi Kapfidze, chief economist for LendingTree, according to CNBC. Continue to original source. Image via Realtor.com.

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