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Allenstn

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Purchasing home w/o mortgage
We just sold a house and relocated to another part of the country. We plan to purchase our next home with the proceeds from our last home sale. How will NOT having a mortgage affect our overall credit score?

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Won't have any effect, but you will be saving a whole lot of interest by paying cash for your new home!!  Congratulations, and may you have many happy years n your new residence!!!!

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