When doing a refinance on a house how far back does the bank look on your credit report?

Allie
We missed a mortgage payment several years ago and ended up paying it over about 6 months along with our regular payment. When we checked our credit report it showed that we were late on 6 mortgage payments! The bank said it was because technically we were late until the balance of the missed payment was paid in full. This was probably 6 years ago. Since that time we have paid all our payments on time, but I'm worried a mortgage lender may look at this and feel we are a risk.

Anglea
The bank looks AS FAR and AS DEEP as your credit history goes.That is why it is YOUR responsibility to make sure it is correct and doesn't include negative staledated items that may impair your chances of getting a loan or obtaining new credit.

Alfred
nothing drops off your credit report for 7 years.