Can having many mortgages on your credit drop your score?

I have a total of 3 mortgages and I am about to buy 5 more houses. I have heard (not from an expert but he sounded like he was speaking from experience) that once you get up to a certain number of debt or number of mortgages on your credit, it can drop your score, is this true?Can having many mortgages on your credit drop your score?
Credit score is based on the following factors;





1. Payment history 35%


2. Time in bureau 15%


3. Types of credit 10%


4. New credit 10%


5. Debt to credit ratio 30%





The only way that having all of this debt would effect you would be when you applied for other loans.





Lenders are the ones that look at debt to income not credit bureau scores.Can having many mortgages on your credit drop your score?
I believe that if you are paying off everything, it is not a negative. Usually the only negatives are too many credit requests and too many credit cards.
Of course having a lot of debt can decrease your score, and having several new mortgages means much more debt. Although once you start paying them regularly and if you don't have late payments your score will slowly increase again. But yes, there will be a big hit on your score at first.
Anything on your credit, with a balance, will effect your credit score. I'm the Finance Director for Large Dealerships, and I do this all day long. If you're paying all your bills on time, you'll have no problem. A Mtg. showing paid on time, is a great asset to your credit. As far as you buying other homes, you'll have no problem,as long as you show proof, of your rental income. You sound very smart. As well as a good business person. Having a lot of Mtg's on your credit, as long as it does not make you DTI (Debt to income) out of line, you will have no problems, as you'll obviously have the proof of rental income,from all your properties, along with your normal income. Best of luck to you. You're sure doing well, and being very smart about your investments!
It is possible but it is also possible that it could raise your score. Part of your score is based on debt to income ratio. That means more debt often means lower score. However, if more income comes with the additional properties that means same debt ratio but higher income and more debts paid as agreed. Thus, higher score.





Bottom line, if you are paying 100 mortgages on time you are good as long as you have the income to justify one more.