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Updated 10 months ago on . Most recent reply
Query regarding credit pull for pre-approval
If multiple lenders hit my credit report at the same time [during the same week] will it be considered a single credit pull or multiple hits? I have a mortgage broker but was wondering if I should check with another mortgage lender to make sure I am getting the best deal. Not sure if it is a smart or stupid decision.
Most Popular Reply
Quote from @Neil Fernandes:
If multiple lenders hit my credit report at the same time [during the same week] will it be considered a single credit pull or multiple hits? I have a mortgage broker but was wondering if I should check with another mortgage lender to make sure I am getting the best deal. Not sure if it is a smart or stupid decision.
The credit algorithm allows you to shop. One pull is equal to 5 in a 45 day period.
- Jay Hurst
