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Old 03-30-2015, 07:54 PM
 
67 posts, read 165,633 times
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Is it true that regardless of how many mortgage loan applications are made the impact to the credit score is minimal? Since all the credit checks only count as the equivalent of one credit check.

This would imply its best to apply for several loans in the same month!
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Old 03-31-2015, 08:48 AM
 
1,278 posts, read 1,248,424 times
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Quote:
Originally Posted by vader747 View Post
Is it true that regardless of how many mortgage loan applications are made the impact to the credit score is minimal? Since all the credit checks only count as the equivalent of one credit check.

This would imply its best to apply for several loans in the same month!
Depends. Whenever there is a credit inquiry on your credit, you lose points. Not much though, they are minimal and they go away after time.

If the bureaus notice there are loads of inquiries going at once, ie 10-20 at once, you will lose points fast.
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Old 04-10-2015, 10:53 AM
 
Location: Montclair, NJ
478 posts, read 1,230,138 times
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I have heard that all inquiries in 14 days and 30 days count as one. I would call experian or transunion for the straight info.
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