Credit Inquiries

Mortgage Lender Overlays
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How Multiple Credit Inquiries Affects The Mortgage Process

This guide covers how multiple credit inquiries affect the mortgage process for borrowers.  The potential creditor will pull credit whenever consumers apply for credit, such as a credit card, auto loan, installment loan, payday loan, or mortgage loan. The result is that consumers will have credit inquiries on their credit reports.  Consumers should at all…