Pre-Approval Credit Considerations

[Account Closed]

When getting pre-approved, are there any considerations when shopping approval & interest rates from different lenders? And are there any strategies to get pre-approved from multiple lenders without dinging credit score too hard from several hard inquiries? I've heard of folks getting pre-approval letters from multiple lenders without it dinging their credit multiple times, so I'm wondering if that is universally true or if that is specific to specific lenders.

[Andrew Postell]

@Account Closed as long as it's mortgage related you can have your credit checked as many times as you want inside of 2 weeks and it will only count as 1 inquiry.  So if you have it checked once, it's not going to hurt your credit to check it again with another lender.  Credit Cards do NOT act this way.  Just mortgages.  

Now, if I can read between the lines it might sound like you are trying to figure out which lenders might be the best lenders for you?  Keep in mind that the rate is important but it's not the only thing that is important in real estate investing.  Read this article I wrote on that topic for Bigger Pocket HERE and let us know if there's anything else we can help with.  Thanks!