Posts Tagged ‘home mortgage’
My home mortgage will reset in a few months. If I bring down all my credit card balances to 0 now, how soon will my credit reports reflect this; thus improve my credit scores?
My gut answer to this is no. I tend to think that a refi on my home mortgage for 30 years to consolidate a 4 -5 year auto loan only extends my payments and in another 5 years or so I will have to get another auto. Would a 2nd mtg or line of credit for the auto loan be wiser?
