Refinance Mortgage ?

Discussion in 'Credit Talk' started by tommyy, Jun 4, 2002.

  1. tommyy

    tommyy Well-Known Member

    If you refinance , close old mortgage and open a new mortgage for the same amount, will I loose points on my FICO score. The only reason I refinanced was to save 1.2% interest. The old mortgage was 3 years old with perfect payment history.
     
  2. creditwork

    creditwork Well-Known Member

  3. fla-tan

    fla-tan Well-Known Member

    It might even improve your score a few points.

    fla-tan
     
  4. lbrown59

    lbrown59 Well-Known Member

    Out law Scoring:
    Why should we constantly be paying to repair a lemon?
     

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