Applying for mortage loan, how many times should my credit report be ran?

I have been told that if I have a lot of credit inquires, that could lower my credit score, but how can I shop around for best interest rate if I do not want many companies running my credit report? Please advice. Thanks!

Applying for mortage loan, how many times should my credit report be ran?
When your shopping for a mortgage loan, you have a window and it should not lower your score. You have heard right, multiple inquires can lower your score, but not for mortgage loans. You need really need to find out how long you have. If I remember correctly it could be around 30 days. That is, if the inquires are within the 30 days from mortgage companies, then they don't count each time. You are doing the right thing by shopping around, because the market is very competitive right now to find credit worthy customers.





Good Luck!
Reply:its better to know your score that way if you need to have something fixed you know ahead of time.


i got offes from several my bank, 2 brokers and an online source. i went with the one below they ea everyone else hands down ad saved me 60k in interest to boot
Reply:Your credit score will drop if you are getting unexplainable inquiries into your credit. When you are shopping for a mortgage, everyone expects to see a bunch of mortgage lenders looking at your credit in a short period of time.





By the way. Shopping for the best interest rate is simple. Go to Bankrate.com or BestRate.com and you contact the banks yourself. The best lenders do not have to get their leads through Lending Tree and/or Ditech. My advice to you is: You pick your bank, do not let your lender pick you.

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