[Democratic]

...score? Hello and thank you very much in advance for your input. I am closing on my new home, as a first-time home buyer/owner next week. I got a great rate, as my credit was not bad at all .. not perfect but just over 700. I understand that the mortgage will eventually increase my credit as that is a big risk someone has taken.My question is this: when the mortgage hits my credit reports ... what does it do immediately to my credit? Does it kill it? If so, for how long? I understand I'll have to prove myself of making payments and making them on time but just wanted to know what happens immediately and how long will I be ruined if I am ruined.