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If you have them run all of your credit checks within a fifteen day period it only counts as one hit against your credit.

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โˆ™ 2005-10-20 16:59:57
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Q: If you are asking for different bids on a mortgage loan does it affect your credit?
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Related questions

How does a reverse mortgage affect the credit score?

eliminates the old mortgage, otherwise no effect


How does a second mortgage lean on a house effect a credit rating?

Is the questioner asking about having a 2nd mortgage on his house, which WOULD show up on his credit records? Or are we talking about the 2nd mortgage holder filing a lien against his property for non-payment? Actually the answer to both is the same. Any actions taken involving credit transactions WILL show up on a credit bureau reportsand will affect his credit standing.


What is the difference between a mortgage score and a credit score?

Mortgage scores are different from credit scores. Credit scores are assessments of a borrower


Does making extra principal payments to your mortgage have any affect on your credit rating?

Yes, it will shorten the time in which the mortgage is on your credit report.


Where can one get a home mortgage if one has bad credit?

One can get a home mortgage if one has bad credit from several different places. Some of the places that one can get a home mortgage with bad credit are: banks, and mortgage companies.


How does my credit affect the mortgage rate I can expect to get?

Your credit rating will affect whether or not you can actually get a mortgage. Those with bad ratings may not get a loan from a bank. A great site for checking mortgages is moneysupermarket.com


Is is possible to qualify for a mortgage with bad credit?

There are many different programs to help you get a mortgage even if you have bad credit. You are likey to pay a higher rate for your mortgage but there are mortgage brokers who can help you to qualify.


What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.


Your husband had a foreclosed mortgage in his name only will it affect your credit?

Yes.


How does a persons credit score affect mortgage credit rates?

Actually the better the credit score the better are the offers for a mortgage credit loan. In general the interests offered for a new loan depend (besides others) directly on the credit score.


Does paying off your mortgage early affect your credit score?

Yes, it would help your credit score.


What happens if the wife is on the mortgage and not on the note and the husband dies?

If the wife signed the mortgage and not the note that means that if the mortgage isn't paid the lender can take possession of the property by foreclosure. It will not affect the wife's credit but by signing the mortgage she consented to the lien on the real estate.If the wife signed the mortgage and not the note that means that if the mortgage isn't paid the lender can take possession of the property by foreclosure. It will not affect the wife's credit but by signing the mortgage she consented to the lien on the real estate.If the wife signed the mortgage and not the note that means that if the mortgage isn't paid the lender can take possession of the property by foreclosure. It will not affect the wife's credit but by signing the mortgage she consented to the lien on the real estate.If the wife signed the mortgage and not the note that means that if the mortgage isn't paid the lender can take possession of the property by foreclosure. It will not affect the wife's credit but by signing the mortgage she consented to the lien on the real estate.


How does having bad credit affect my mortgage payments?

If you have bad credit you will not only have a hard time getting a loan, but you will be charged a higher APR. As a result, your mortgage payment will be higher than if you had good credit. If you already have a home mortgage, having bad credit will not affect it. If you have bad credit and go to get a mortgage, you run a risk of being denied a loan until bad debts are taken care of and even then you may have a higher rate.


If there is a lien on a house but someone else is on the 2nd mortgage does it affect their credit also?

yes, only if the second mortgage does not get paid.


If you join into a mortgage as a spouse but are not liable for the underlying indebtedness will this affect your credit rating?

You need to discuss this issue with an unbiased professional. If you "join into" a mortgage you are indeed liable for the underlying indebtedness. Otherwise the lender wouldn't ask you to sign the mortgage. If the mortgage goes into default it will not only affect your credit rating but the lender can go after you for payment.


Your name is on the deed but not the loan if it goes into default will it affect your credit?

If you didn't sign the mortgage then it will not be reported on your credit record.


How does a 30-day late payment on a mortgage affect your credit?

If you are trying to refinance your mortgage... it will affect the interest rate. (it will be higher) It will haunt you for at least 12 - 24 months.


Can I get a mortgage with bad credit?

It is possible to get a mortgage loan with bad credit but you will have to pay a lot higher interest rate and the loan amount will be lower. You can go to HUD and talk to a counselor about securing a mortgage loan with bad credit. There are a few different options for people with bad credit.


Where can you get your credit report from all three companies free?

You can get your credit report from all three credit companies by going to your local bank and asking a mortgage consultant to run your credit report.


Your husband has 3 acres in his name but not mine will it be difficult to get a mortgage?

It shouldn't affect a mortgage. The mortgage will be based on the credit worthiness, the down payment, the ability to repay the loan of the people who apply for the mortgage.


Does it hurt your credit to take out a second mortgage?

Taking out a second mortgage can affect your credit score, but it depends on how much of your available credit you are using. Like with a credit card, people who are closer to their borrowing limit are less favorable to banks than people with a lot of credit available.


Where can someone get a mortgage loan for people with bad credit?

One can get a mortgage loan for people with bad credit in two different places. The first place that one can get a mortgage loan for people with bad credit is a bank, like Wells Fargo. Another place that one can get a mortgage loan is a credit card company, like American Express.


How do foreclosures affect your credit?

Same as a bankruptcy There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.


Can a bank close your credit card if you a behind in your mortgage but up to date on your credit card?

No, they are completely different accounts.


What happens to a home mortgage if the co-signer does not file bankruptcy but has credit problems?

It will have no affect on the mortgage as long as the lending terms are met by the primary borrower.