how much does your credit score increase when you pay off your mortgage?

Public Comments

1. You can find the answer here http://www.creditcards.great-e-books.co.uk
2. It helps because you have a valuable asset. But the banks also know you're smart with money and less likely to borrow from them at silly rates. So you'll probably get less junk mail - but the stuff you do get will be a better class of junk mail! lol
3. i think you're asking for a specific number of points, but you're not giving enough history to get a good answer. if your mortgage is the only credit you have, you need to get at least two more tradelines to get more credit - sometimes you won't have a score at all if you only have the mortgage. if you go to myfico.com, you can get a good hypothetical answer to many credit scenarios. they also have a great product for $50 by Suze Orman that gives you all three reports and scores and analyzes your credit. It even gives you advice on what will be the best move to increase your score.
4. There is no way without knowing what else is in your files to determine if it is a positive or a negative for YOUR FICO credit score. Good Luck