CassieNet News :: Thinking of getting a mortgage :: RE: does mortgage has any bad effect on my credit report?

Thinking of getting a mortgage :: RE: does mortgage has any bad effect on my credit report?

Author: sam
Subject: RE:
Posted: Wed Aug 03, 2005 12:24 pm (GMT 0)
Topic Replies: 1

Hi Marc
Welcome to MortgageFit forum.

Taking a mortgage does not harm your credit score provided you pay off the loan within the specified loan period. Your credit score remains unaffected if you make the monthly payments in time and do not miss out any of them.

In case you have not taken any loan before, taking the mortgage and making regular payments in time, without default will definitely secure you a fair credit score. A good credit score will further help you to acquire any loan in future.

Hope this information will be useful to you.

Please feel free to post further queries. Also sign up with us at http://www.mortgagefit.com/signup/ to get free advice on further queries.

Thanks,
Sam.

For the full story see:
http://www.mortgagefit.com/discuss/about712.html
This item has been viewed 149 times.