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Q&A: Does refinancing a mortgage hurt your credit score?
Posted on June 11th, 2011 No comments
Question by tracyb67: Does refinancing a mortgage hurt your credit score?
I am in an arm loan and am looking to refinance after 2 years. I heard that refinancing tin drop your credit score up to 30 points? Am i best off trying to sell or refinancing if i’m planning on selling after 5 years?
Best answer:
Answer by colemansbluff
I have never heard it will effect your score, if it saves you money I would go for it
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Bad credit mortgage loan?
Posted on August 31st, 2010 7 comments
AbileneTxen asked:
My husband and I are trying to get a home loan (we only need 20,000) for a home we are looking to purchase in TX. This would be our primary home. My husband’s score is 573 and we need to get this done as soon as possible. We have a small dp to put down (1,000 or so), any advice?
Harry
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