- The average American can expect their credit score to decline by 15 points after buying a home, with the total recovery time taking about 10 months.
- San Jose and San Francisco homebuyers have exceptionally high credit scores but will need to wait roughly a year before their ratings return to normal.
- Making on-time mortgage payments will help boost new homebuyers’ credit ratings, as will the diversification of their accounts by owning real estate.
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