2006-11-11 10:18:18 · 6 answers · asked by Greatness 1 in Business & Finance ➔ Renting & Real Estate
Yes! A mortgage history (that is on time every month) will quickly boost your credit score! (on the downside, any payments over 30 days late will just as quickly kill it...)
2006-11-11 13:08:07 · answer #1 · answered by bathagent 2 · 0⤊ 0⤋
Yes. A house will build a credit history since you owe money. It also builds equity. You can use your house as a collateral to buy another house.
2006-11-11 18:39:59 · answer #2 · answered by RunSueRun 5 · 1⤊ 0⤋
you need credit to buy a house..how about that?
unless you're buying it all in one go...
anyway, i think it might build credit
2006-11-11 18:26:09 · answer #3 · answered by TheAnswer 2 · 1⤊ 0⤋
Absolutely.
2006-11-11 18:55:40 · answer #4 · answered by regerugged 7 · 1⤊ 0⤋
yes
2006-11-11 19:50:43 · answer #5 · answered by ? 7 · 0⤊ 0⤋
heck yeah
2006-11-11 18:25:50 · answer #6 · answered by stargazer 5 · 1⤊ 0⤋