Tuesday, July 15, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    First-Person Filming: Mini Cameras Transform Storytelling

    First-Person Filming: Mini Cameras Transform Storytelling

    How Institutions Protect Citizens’ Personal Data

    How Institutions Protect Citizens’ Personal Data

    Microsoft Restructures Xbox and Sales Divisions Ahead of FY26: Fourth Wave of Layoffs Begins

    Microsoft Restructures Xbox and Sales Divisions Ahead of FY26: Fourth Wave of Layoffs Begins

    How to Use Chrome Developer Tools to Teach Math Logic

    How to Use Chrome Developer Tools to Teach Math Logic

    Cybersecurity

    How Software, Cybersecurity & VPNs Can Save You Money on Flights – Featuring VPNLY

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Gbyte Recovery

    Gbyte Recovery Review: Can It Restore Deleted iPhone Contacts?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

  • Consumer
    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    Understanding GBP’s Volatility Relative to EUR and USD

    Understanding GBP’s Volatility Relative to EUR and USD

    Forex

    Martingale Strategy in Forex: Theory vs. Reality in Volatile Markets

    XRP-Led Altcoin Rally Rewrites the Crypto Playbook — Here’s Why AIXA Miner Is the Smartest Passive Move You Can Make

    XRP-Led Altcoin Rally Rewrites the Crypto Playbook — Here’s Why AIXA Miner Is the Smartest Passive Move You Can Make

    Card-to-Card as P2P Payment Infrastructure for E-commerce Platforms: Faster, Safer, No Bank Account Needed

    Card-to-Card as P2P Payment Infrastructure for E-commerce Platforms: Faster, Safer, No Bank Account Needed

    How to Use Real-Time Gold Charts for Better Trading Decisions

    How to Use Real-Time Gold Charts for Better Trading Decisions

    Rejoining Europe: What could it mean for the British economy?

    Rejoining Europe: What could it mean for the British economy?

    Understanding Finance and Why It Matters in Everyday Life

    Understanding Finance and Why It Matters in Everyday Life

    A Simple Guide to Buying Bitcoin for First-Time Investors

    A Simple Guide to Buying Bitcoin for First-Time Investors

    VPS Low Latency: Why It’s Important for Forex Traders

    VPS Low Latency: Why It’s Important for Forex Traders

  • Environment
    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

  • Property
    6 Common Admin Mistakes that Property Managers Make

    6 Common Admin Mistakes that Property Managers Make

    Property Investment Strategy

    Interest Rate Hikes and How They Impact Your Property Investment Strategy

    How Local Storage Services Make Home Organisation Easy

    How Local Storage Services Make Home Organisation Easy

    Stay safe at home: The benefits of intruder alarms in St Helens

    Stay safe at home: The benefits of intruder alarms in St Helens

    Enhancing your home projects with essential hardware selection tips

    Enhancing your home projects with essential hardware selection tips

    5 Best Lifetime Mortgage Providers in the UK

    5 Best Lifetime Mortgage Providers in the UK

    Top 10 Sell House Fast Companies in the UK

    Top 10 Sell House Fast Companies in the UK

    Efficient storage solutions for stress-free home renovations

    Efficient storage solutions for stress-free home renovations

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

  • eCommerce
    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

No Result
View All Result
Today News
Home Finance

Mortgage and How It Affects Your Credit Score

Claire by Claire
June 24, 2022
Reading Time: 3 mins read
Mortgage and How It Affects Your Credit Score
424
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

If you are shopping for a mortgage broker in Southend, you should know that the act may significantly affect your credit score. So how does a mortgage affect your credit rating? Well, that’s what this article is all about.

Credit History

Related posts

Understanding GBP’s Volatility Relative to EUR and USD

Understanding GBP’s Volatility Relative to EUR and USD

July 15, 2025
293
Forex

Martingale Strategy in Forex: Theory vs. Reality in Volatile Markets

July 14, 2025
6


Your payment history is the most critical factor in determining your credit score.

Mortgages normally require payments to be made over a period of 15 to 30 years. And, that means it can significantly impact your payment history, which then affects your credit score. There’s also a contributing factor known as credit age, which is the length of time associated with the credit. Because a typical mortgage lasts a decade or more, the credit age factor will now play a big role in determining your final credit score.

Credit Diversity

Your credit score is also impacted by the types of credit you use, such as a mortgage, auto loans, and credit cards. But keep in mind that having a credit diversity is not as impactful compared to making timely payments. When it comes to credit, your credit card balances are considered revolving credit (also known as re-usable credit), while your mortgage is regarded as an installment loan.

In other words, a mortgage will affect your credit score as it increases your credit diversity.

Credit Checks


In general, a mortgage should help you boost your credit as long as you make your payments on schedule. On the other hand, it might result in a decline at first.

When you take out a mortgage, the bank or lending institution will investigate your credit history before deciding whether or not to provide you with the financing. In the credit world, this type of credit inquiry is considered “hard,” which then temporarily brings down your credit score by a few notches.

Most of the time, the potential lender will look at your credit report provided by the major credit agencies. In most cases, they will utilize the middling score to determine the interest rate they will charge you for the mortgage.

Keep in mind that you may check and monitor your credit history or report using free online services.

If you are checking and comparing several mortgage providers, multiple queries into your credit should not hurt your credit score. Generally, the system treats multiple queries made within 45 days as a single inquiry.


Rent vs. Mortgage Payments

Timely mortgage payments will have a significant impact on your overall credit score. However, paying rent on time with the same amount may not translate to the same effect.

This is because rent payments are not always reported to the credit bureaus and largely depend on the landlord. On the other hand, mortgage payments are constantly being reported as a routine.

Wrapping It All Up


Your credit rating will have a major impact on your life if you live in a modern society. Hence, it’s always best to take care of it and know the factors that will affect it.

The points mentioned above are the few major reasons why your mortgage will affect your credit score. Of course, other factors are out there, but the ones mentioned above should give you good foundational knowledge.

Claire

Previous Post

7 Ways to Make Your Front Yard Look Good

Next Post

How to Apply for a Schengen Visa from UK

Related Posts

Understanding GBP’s Volatility Relative to EUR and USD
Finance

Understanding GBP’s Volatility Relative to EUR and USD

July 15, 2025
293
Forex
Finance

Martingale Strategy in Forex: Theory vs. Reality in Volatile Markets

July 14, 2025
6
XRP-Led Altcoin Rally Rewrites the Crypto Playbook — Here’s Why AIXA Miner Is the Smartest Passive Move You Can Make
Finance

XRP-Led Altcoin Rally Rewrites the Crypto Playbook — Here’s Why AIXA Miner Is the Smartest Passive Move You Can Make

July 14, 2025
11
Card-to-Card as P2P Payment Infrastructure for E-commerce Platforms: Faster, Safer, No Bank Account Needed
Finance

Card-to-Card as P2P Payment Infrastructure for E-commerce Platforms: Faster, Safer, No Bank Account Needed

July 4, 2025
69
How to Use Real-Time Gold Charts for Better Trading Decisions
Finance

How to Use Real-Time Gold Charts for Better Trading Decisions

July 2, 2025
462
Rejoining Europe: What could it mean for the British economy?
Finance

Rejoining Europe: What could it mean for the British economy?

July 1, 2025
452
Next Post
How to Apply for a Schengen Visa from UK

How to Apply for a Schengen Visa from UK

RECOMMENDED NEWS

Where to Play Online Casino Games for Free?

Where to Play Online Casino Games for Free?

3 years ago
516
Thread-Based Integration Testing for Early and Rapid Software Development

Thread-Based Integration Testing for Early and Rapid Software Development

2 years ago
71
Alchemist shortlisted as finalists for Learning Excellence Awards

Alchemist shortlisted as finalists for Learning Excellence Awards

2 years ago
465
How Renting a Podcast Studio Can Instantly Boost Your Credibility and Sound Quality

How Renting a Podcast Studio Can Instantly Boost Your Credibility and Sound Quality

4 months ago
491

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness Forex health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

Studs vs Hoops: Online Shopping Tips for The Best Earrings

Studs vs Hoops: Online Shopping Tips for The Best Earrings

July 15, 2025
Interview stress? Here’s how to manage your nerves and perform your best

Interview stress? Here’s how to manage your nerves and perform your best

July 15, 2025
The Big Bass Series Rise to Stardom

The Big Bass Series Rise to Stardom

July 15, 2025
How a Digital Marketing Agency Can Deliver Affordable Local SEO with Real ROI

How a Digital Marketing Agency Can Deliver Affordable Local SEO with Real ROI

July 15, 2025
Enhance Comfort, Style and Ambience with an Electric Fireplace Built to Last

Enhance Comfort, Style and Ambience with an Electric Fireplace Built to Last

July 15, 2025
Top Books and Resources for PEBC Exam Preparation

Top Books and Resources for PEBC Exam Preparation

July 15, 2025
The Benefits of Routine Cleaning Services for Busy Families and Professionals

The Benefits of Routine Cleaning Services for Busy Families and Professionals

July 15, 2025
Online Business

Home-Based Hustles: 3 Profitable Online Business Ideas

July 15, 2025
OEM

The Difference Between OEM, Aftermarket, and Manufacturer-Direct Excavator Parts

July 15, 2025
One-Day Culture

Micro-Experiences: How Londoners Are Embracing One-Day Culture

July 15, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Studs vs Hoops: Online Shopping Tips for The Best Earrings

Studs vs Hoops: Online Shopping Tips for The Best Earrings

July 15, 2025
Interview stress? Here’s how to manage your nerves and perform your best

Interview stress? Here’s how to manage your nerves and perform your best

July 15, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact