By Constance Brinkley-Badgett
If you’re thinking about selling your home, you might want to also think about how it can affect your credit score.
Generally speaking, when you sell your home, your outstanding mortgage balance gets paid off, which can be a positive for your credit. Of course, however, it’s also possible that selling your home can negatively affect your credit. Let’s take a look at the positives first.
How Selling Your Home Can Improve Your Credit
If you sell your home and get another mortgage for a new home, you’ll continue to reap the benefits of having a mortgage in your mix of credit accounts. And if you continue to have a good payment history, making on-time payments every month, your credit scores can see an even greater…