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How many times does a mortgage broker hit your credit vs Bank, vs Credit Union? Can I chose to apply at all of them?

by josiedominguez545 from San Antonio, Texas. Aug 23rd 2016 Reply

Mary Papageorge (MaryPapageorge)
#93 ranked lender in Texas - 53 contributions

We only pull one time and the credit report is good for up to 120 days. We do, however, do a "credit refresh" within 10 days of closing to make sure that you haven't gone out and shopped for furniture, vehicle or anything else that would affect your debt-to-income ratios. Big banks for some reason like to pull credit once a month or more. I had a customer who got his credit pulled 10 times in a 2 month period by the same BIG bank, and just drove down his scores! If I have a credit score we can use....I can assure you I would not pull it again!! I lend all over Texas - you can reach me at 713-569-0025 - look forward to hearing from you. Mary

Aug 23rd 2016
William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

Depending on the circumstances, a credit report pulled by your lender is good for up to 120 days, but most lenders will want a new report if it goes over 90.. Any "Mortgage" related inquiries within a 30 day period will only have the impact of "One Credit Inquiry" when it comes to your overall credit scores.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 NMLS# 226347

Aug 24th 2016
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