Paying Off Your Mortgage Loan Early May Not Affect Your Credit The Way You Think
Although you may think paying off your mortgage loan early will increase your credit score, that isn't always the case. You'd be getting rid of a large debt, which is normally good for your credit score. However, depending on what else is in your credit report, your credit score could actually take a dip. Weight Given to Installment Accounts Credit scorers like to see different types of accounts, including installment loans, in your credit mix.