How long does the credit score dip from a hard inquiry last?

The credit score dip caused by a hard inquiry typically remains on your credit report for up to two years, but it starts to impact your score less significantly after a few months.

Will refinancing my mortgage always lower my interest rate?

Not necessarily. Interest rates fluctuate over time. Refinancing only makes sense if you can secure a significantly lower interest rate compared to your existing loan.

Should I refinance if I have bad credit?

Refinancing might not be the best option if you have bad credit. Focus on improving your credit score first by making consistent on-time payments and managing your debt before considering refinancing.

will refinancing hurt my credit

Money Tips

Credit Score Rollercoaster: Will Refinancing Hurt My Credit?

28 April 2024

Let’s face it, adulting can be expensive. Between mortgages, car loans, and student debt, keeping up with monthly…