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re: Credit report mortgage inquiries
Posted on 5/21/14 at 10:39 am to tiger94gop
Posted on 5/21/14 at 10:39 am to tiger94gop
He didn't say he went to an internet site. I took his initial post as him saying he applied for a mortgage with three lenders which should drop his score about 5 points.
Copied from the FICO site:
Will my FICO Score drop if I apply for new credit?
If it does, it probably won't drop much. If you apply for several credit cards within a short period of time, multiple inquiries will appear on your report. Looking for new credit can equate with higher risk, but most Credit Scores are not affected by multiple inquiries from auto, mortgage or student loan lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.
Copied from the FICO site:
Will my FICO Score drop if I apply for new credit?
If it does, it probably won't drop much. If you apply for several credit cards within a short period of time, multiple inquiries will appear on your report. Looking for new credit can equate with higher risk, but most Credit Scores are not affected by multiple inquiries from auto, mortgage or student loan lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.
This post was edited on 5/21/14 at 10:42 am
Posted on 5/21/14 at 10:58 am to JonTheTigerFan
I never went to an internet site for mortgage, I went to three places in the Baton Rouge area.
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