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PINKmphs

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WILL my score go up or down once i close on mortgage loan?

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The only constant is change

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There isn't enough information from you to say with any certainty what will happen with your score.  You are likely in for a bit of a roller coaster ride with your score. 

First off, you'll take a hit of a few points as your credit is pulled by the lender.  Occasionally they'll pull it more than once during the process (when you apply and shortly before you close).  Once you close on the mortgage you'll have a new account showing up that will drop your average age of accounts, which has a negative impact on your score.  At the same time the ratio of your debt between long-term and short-term/revolving debt will change.  This is normally a very positive factor on your score.

The net out is that the only thing that is certain is your score will change.  Depending on your specific circumstances, it may go up or down, but in general getting a mortgage is a positive step in your credit.

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