Posted on: 12th Sep, 2013 12:22 am
I need to know how and why does a mortgage pre-approval affect my credit score? How much will my scores decrease?
When you apply for pre-approval, the lender has to pull your credit. As this will be a hard pull, it will lower your scores by few points.
Hi Mila,
To know all about mortgage pre-approval, check out the given page:
http://www.mortgagefit.com/preapproval.html
Thanks
To know all about mortgage pre-approval, check out the given page:
http://www.mortgagefit.com/preapproval.html
Thanks