When a bank transfers your mortgage to another, does that negatively affect your credit?
I’ve been trying to improve my credit score so that I can get approved for a new home loan. The problem is that my current mortgage company just informed me that my mortgage is getting transferred to another bank. I’m afraid this will negatively impact my credit, because my current mortgage is also my oldest account. I know that account history is a large percentage of the overall FICO score and I’ve worked hard to get it where it’s at now.