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Statement of Termination



I was under contact with a property and got my interest rate locked with my lender and during inspections there were problems and I withdrew my offer and the seller signed an addendum releasing me. I got a letter of denial/termination indicating I withdrew from the loan from my lender. Does this adversely affect my credit score?

=====ANSWER=====

Hello Friend,

I just want to thank you for coming by my site and asking this awesome question. You gave me plenty of details so I could get the entire picture.

The simply answer to your question, "NO" the letter of denial/termination does not affect your credit score.

If this for some reason was to show up on your credit report, it should not be a negative in any way. You may want to watch your report for a period of time to be sure. If you see this show up, then you may want to do a little credit repair to get this removed.

I hope this answer helps you. Please "like" us at FaceBook and Tweet about us if you do. This can help me get the word out so others can find this resource when they have questions.

Kind Regards,

Jeffrey Ragan

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