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Posted in Mortgage
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Question By
thomasgirl1

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I owe a little over $2000 on my home, would it be wise to pay it off and close the account?
Would this affect my credit score?

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Top Contributor
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since its your mortgage YES it will hurt your credit score because this is the largest installment payment most people face.....but honestly unless you want to finance a plane or yacht what else do you need with a paid off house....congrats your one step closer to retirement

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