The credit score probably went down because you now have the house and the amount owed as DEBT! Example, our Fico scores were in the high 600's, then when we bought our house, it went down to the low 600's. When I inquired about this, they state that it's the "new debt" of the house that brought the score down, but with time as the amount owed goes down your score will go back up! Make sense?? The scores are calculated by amount owed, not always by how many accounts you have open! If you go to myfico.com, it will explain all this to you better than I can i'm sure! Good Luck!!
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