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Updated about 9 years ago on . Most recent reply

User Stats

6
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0
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Tyson Jordan
  • Pleasant Grove, AL
0
Votes |
6
Posts

Credit Inquiry Bank Financing

Tyson Jordan
  • Pleasant Grove, AL
Posted

Hi,

I have properties in 5 states and am looking to start using bank financing.

I would like to get prequalified with a bank in each state. In addition applying with b2r and Lima one. Also read good things about @upen Patel

My question is: since these are investment loans, how much will it cost in credit inquiries?

According to this article, if I apply within 14 days to each institution, it will only cost one inquiry.

http://themortgagereports.com/413/credit-check-fico-mortgage-rates

But do the same guidelines apply since I am an investor and not a homeowner?

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