Friday, November 6, 2009

Can I get a good faith estimate without credit report being pulled?

I do not want multple inquiries to my credit report.

Can I get a good faith estimate without credit report being pulled?
Yes, if the lender is willing to do so. However, the application is not complete without your credit and a lender would not be required to issue you a good faith estimate until they have a complete application. They need to know all your information to be accurate or make a "good faith" estimate. There is a lot of misinformation about inquires out there. You will find helpful information about the inquiries at www.genesiscreditgroup.com
Reply:yes you can they can jest put any thing it doesn't relate to your credit.
Reply:nope
Reply:Typically, a GFE is given to you (along with the Truth in Lending) no more than three days after a loan application approval. They cannot approve you w/o seeing your credit.





Lenders are able to run numbers for you to give you an idea, but bear in mind that it could be way different once they actually look at your credit.
Reply:Yes,I got many of them before my mortgage.... but it is a very loose estimate. They will probably give you rates based on good credit scores.. and then if they pull your credit and dont think its high enough your rates go up. Makre sure to tell the person what you think your credit score is, and have him base it off of what he thinks you will be approved for.


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