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lenders report mortgages in a variety of ways. i would contact experian and ask that it be reported accurately, as a mortgage. having a good mix of credit is one thing that favorably impacts fico score-missing one of the three components (cc, installment and mortgage) can lower your score somewhat.

the big impact tho is from the new obligation. generally speaking, taking on new loans will lower your fico score until a payment pattern is established. that takes a year or so. since you have a firm handle on things, it sound like, this should be, as you recognize, of relatively small importance in the short term. and as you pay off the mortgage and lower your cc balances, your score will rise and that magic 700 will arrive.

just to give you a little idea of what can happen, last year this time my fico score was in the 650 range, just after i bought a home. the cc balances are lower now, i just paid off a small installment loan, my car is more than half paid off, and of course i have a year of pay history on the mortgage. my score was 725 at the beginning of this month.

congrats on the new home.
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