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clateetre

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why would getting a personal loan lower my score more than a mortage loan

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Perhaps

I'm not sure that it does.  But if it indeed is a harder hit, it's probably because a mortgage is more "constructive".  You're buying a house which the banks can use as collateral/foreclose on and it's a common society rite-of-passage.

Personal loans on the other hand, are a red flag.  Think of it from the lender's point of view.  Why do you need to apply for one?  Is it for credit card consolidation?  A loan for a vacation, major applicance buy, or remodeling?  All of which are significantly riskier to the lender.

Auto, student, and house (mortgages) are all loans that are widely accepted as "value-adding" or necessities.  Personal loans are inherently vague and non-specific and for the most part up to the borrower's discretion.  My friend's immature brother actually took out a personal loan with the intent on purchasing a used car.  He then proceeded to splurge the money on his girlfriend.

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