Originally Posted by
Sam York
How f'd up is this?
I work my balls off to pay off my mortgage in just over 5 years (paid it off back in March). My credit score drops 27 points.
Not that I'm planning on borrowing money ever again and it is still over 800 even with the drop but WTF??
I'm beginning to think my airport bum friends are right when they told me not to pay it off and take a loan on a bird dog. They tell me I'm "unamerican" for being debt free.
If it is still over 800 you will not have any trouble getting a loan.
Relax. Seriously, relax. You are fine. They system is weird, but then it is not really designed in a way that the difference between 800 and 827 means anything.
If you want to feel American go have a Value Meal at your fast food restaurant of your choice. Get the large fries. Or find a gym on the second floor and take the escalator.