Purchasing a House Could Hurt Your Credit Score

Despite making sure your credit score is good enough to get a mortgage loan, there’s a good chance that the mortgage will take your score down a few pegs. In fact, some see their score drop by at least 40 points. “If you have high utilization on credit cards or other credit lines, and then take a relatively large mortgage relative to your income and credit history, you can have a bigger decline,” said Tendayi Kapfidze, chief economist for LendingTree, according to CNBC. Continue to original source. Image via Realtor.com.

Subscribe For Updates

By clicking submit, I authorize Funding Choice Advisor and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Use and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

Copyright © 2026 Funding Choice Advisor All Rights Reserved.