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Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
6
Votes
Brandon Payne
  • Indianapolis, IN
6
Votes |
12
Posts

When to shop for convential rates

Brandon Payne
  • Indianapolis, IN
Posted

I am making offers for my first property. When I got pre-approved for a conventional loan, I didn't shop around for different rates during the grace period where multiple credit-checks wouldn't effect my credit score differently than a single hard credit check.

When the time comes that an offer is accepted and I go to get a mortgage, can I shop around for rates without a negative effect on my score -- i.e. do I have that same grace period where multiple credit checks from mortgage lenders will lower my credit the same as one credit check?

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