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Adding a Mortgage to Your Credit Report

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Mark Cappel
UpdatedJan 26, 2010
Is it beneficial to have your home mortgage on your credit report?

Is it beneficial to have your home mortgage on your credit report? I have had a house for the last 15yrs and it does not appear on my credit file?

Thanks for your questions and good to hear that you are concerned about your credit score and the contents of your credit report. It is increasingly important to monitor your credit file to make sure that you know what is being reported by your creditors and to be alert for indications of identity theft.

It is definitely beneficial to have your home mortgage listed on your credit report. For most Americans, the home mortgage is the largest single loan they will ever have and therefore, the largest financial responsibility. Assuming you make your mortgage payments in a timely manner, it is a huge benefit for you to show that to any one who views your credit file. And of course, it is a huge benefit for your credit score.

Since your mortgage is not currently showing on your credit file, we strongly recommend that you contact the customer service group at your mortgage lender or servicer (whoever's name appears on your mortgage payment stubs) and request that they report your payment history to the credit bureaus. If for some reason, your lender is unable or unwilling to report your payments, the next best thing that you can do is to maintain a record of your payments either with canceled checks, or with an transaction log from an online banking account. But definitely urge your lender to submit your history to the bureaus. If they refuse, try finding a new lender through the matching engine!

I hope this information helps you Find. Learn & Save.