Posted on: 19th Mar, 2013 11:51 pm
Hi there… I am thinking of refinancing my mortgage. I need to know how the refinancing will reflect on the credit. Will there be a time where my current mortgage will just show paid in full without the new loan on there?
There will be no time when your report will show you are without a loan.When the refinance is complete it will show on your report as new loan.I don't know if i have answered your question?
Refinancing is just like taking out a new loan. So it will be reflected as a new loan on your credit report.