Buying a home and your credit

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.

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