Newsflash: Mortgage hitting credit score

Just closed on my home Tuesday. I am wondering how long it will take for my mortgage to be reported to credit agencies. How long did it take for Reddit? I’ve searched and seen anything from 30 days to 6 months. Reason being i would like to keep my remaining cash (19k) liquid, and I would really like to take advantage of some 0% apr 12+ month credit cards and possibly a small personal loan. Credit score is at 765, but I’ve heard scores can be hit pretty damn hard with a new mortgage. I would hate to have that happen before I can acquire some of the cards I want.

Read more at https://www.reddit.com/r/RealEstate/comments/6eogid/mortgage_hitting_credit_score/?utm_source=ifttt

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s