I’ve not seen total assets on credit reports. Perhaps someone evaluating you for a loan would have that information, but the credit report doesn’t look at that.
If you are applying for any kind of real-estate loan, the application requires that you list all assets and liabilities. The value of real estate owned is an asset, the mortgage balance is a liability.
When I want to raise money for any purpose, real estate or other, either a re-finance or a second mortgage (called a home equity loan these days) is the lowest interest available, and is the preferred method for most smaller investors.
As I stated, a lowering of equity negatively impacts my ability to get credit. I don't believe I ever said it impacts my credit report, which I agree, it doesn't.
Do not confuse "credit report" with the ability to get credit. If income is $50k, no matter how good your credit report, no one will loan $500k, unless you have substantial assets.
Sorry, I just re-read my original post, and I did say “credit report”. My mistake, I should have said loan application, or credit application.