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Originally Posted by Alex From San Diego
5 mortgages here Lens and my score is 752.
How many mortgages do you have?....LOL
I think you have a point though with what they call a debt to income ratio but at the same time I assume it depends on if all those mortgages are rentals or 2nd homes. My rental income that I collect offsets my mortgages.
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Actually I don't think debt to income matters for the score....since the credit reporting agencies don't know your income.
Although it is something banks consider before lending money of course.
Its the debt to credit ratio that brings down your score.
If all your credit cards are maxed it hurts you....if you cancel an account with a high credit limit it hurts you.
If they're fairly new mortgages that can bring the score down since the % of available credit compared to total debt is out of whack.
Once the mortgages get paid down a bit the score goes back up.
:2cents