(msn) There's a lot of misinformation being propagated about what does and doesn't hurt your credit score, and much of it is coming from sources who should know better: mortgage lenders. Now, let me say first that I've worked with several excellent lenders who really knew their stuff and kept up to date, not only on loan trends but on the information that's available about credit scoring. That's important, because the FICO credit score, in its various permutations, is used in three-quarters of all mortgage lending. But what I heard from several lenders responding to my recent column, "8 big mortgage mistakes and how to avoid them," was the kind of bad advice that can cost you money and keep you from getting the best loans. So if your mortgage broker gives you any of the following advice, take a tip from me: Find a new broker. (View Source for the full story)

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