Hi all. Quick question. Recently bought a new house. Kept my old house as a rental. My total income has not changed by much, only went up a couple hundred a month from the rental. How should this new rental property affect my score? Will it go up or will it go down because of the new big mortgage and a higher debt to income? mediccc24
How should this new rental property affect my score? Will it go up or will it go down because of the new big mortgage and a higher debt to income? Mediccc24 ===================== Debt to income is not factored into fico. Secured debt is not figured into utilization of available credit Wouldn't see why score would change any.
Actually, any debt is considered in your credit score. I'd say your scores will slide a bit due to a new loan. Once the payment history starts to be established, your scores will improve.