How does doing a refi cashout mortgage and closing all your credit cards prior to closing date effect your credit score?


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Credit Score If you do a refinancing cashout mortgage and close your credit cards prior to closing date will negatively affect your credit score. Closing all your credit cards will change your debt to credit ratio. You will then have more debt than credit, causing you not to be able to close off on the loan. Thank you for asking ChaCha!

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