Credit Scores Take a Ding After a Home Purchase
Credit scores often take about 11 months to fully recover after a consumer purchases a home, according to a new study by LendingTree, an online loan marketplace.
After a buyer purchases a home, their credit scores fall by an average of 15 points, but it takes 160 days—or slightly over five months—for the full impact to take effect.
Columbus, Ohio Ranks in the top 10 for recovery speed, though. Read more HERE.