Does getting pre-approved/prequalified affect my credit?

When a Mortage Company runs your credit it will have a negative impact for a couple of points. If you do not end up purchasing within a few months your score should recover back to what it was prior to the inquiry, provided all else remains equal.

No, your credit will not be adversely affected with a prequal. If you would like me to assist you with that please feel free to give me a call, our corporate office is right in your area. Travis Torcoletti (803) 381-5149 IKON Financial Group.

Having your credit run will lower your score a couple of points, but that's it... 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. 480-287-5714 WilliamAcres.com

Not usually unless you have serveral people pull your credit

great question- an initial credit pull may bring your score down a couple points but nothing devastating. You can immediately get rid of all your credit inquiries and get those points back by going to www.optoutprescreen.com . You have 45 days to shop for a mortgage and multiple vendors can pull your credit without it being affected after the first pull. If you choose to have another credit vendor pull your credit like a credit card then that will start to affect your credit negatively.

No you will see a small score drop if you shop around with mulitple companies and have them all pull your credit. Over the long term though this will not affect your scores