Buying a home and your credit

Name: Buying a home and your credit
Uploaded: 2018-11-29T22:14:00+00:00
Duration: 3 min 49 s
Description: A mortgage is one of the things that can improve your credit score over the long term. But what happens to your credit when you first buy a home? According to a new study from LendingTree, expect a short-term dip. Tendayi Kapfidze, Chief Economist at LendingTree, says when you take out a loan to buy a home, your credit falls for about 4-5 months.

A mortgage is one of the things that can improve your credit score over the long term. But what happens to your credit when you first buy a home? According to a new study from LendingTree, expect a short-term dip. Tendayi Kapfidze, Chief Economist at LendingTree, says when you take out a loan to buy a home, your credit falls for about 4-5 months.

Posted November 29, 2018 10:30pm EST