The Myth of Multiple Mortgage Credit Inquiries
Don’t let the fear of multiple credit inquiries keep you from shopping for a mortgage. Fact: Your credit score plays a significant role in your life. Scores can determine insurance rates, employment, opening a bank account, and borrowing money like mortgage lending. If you would like a refresher course on how your credit scores work, check out our blog post on credit scores. Applying for too much new credit in a short period of time can adversely affect your hard-earned score
Understanding Your Credit Score
As you probably know, your credit is an important factor when determining your eligibility for a home loan. It is also a factor that will help determine your interest rate for a home mortgage. Being “in the know” about your credit is important. One of our experienced Mortgage Consultants can counsel you about your credit score. The first step is to fill out an application. When the application is complete, they can pull credit. This score will allow them to talk you through s
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