Monday, March 28, 2016

Does the length of a mortgage affect credit your credit?


If i just got a mortgage for a house just for the sake of building credit (instead of not using a mortgage/loan), would the amount of time it took to pay off make a difference to my credit score?
Would paying it off over the span of 10 years be better than paying it off in 3 months? Assuming i had already started building credit (credit card) years before.

Would the same thing apply to a car loan?

Read more: Does the length of a mortgage affect credit your credit?