Will multiple mortgage loan applications hurt my credit score?
Q: Will multiple mortgage applications hurt my credit score?
A: No. Many credit-scoring agencies are forgiving when it comes to borrowers shopping for the best rate. Agencies don't treat all inquiries the same. In fact, mortgage, auto, and student loan inquiries enjoy special treatment because credit scorers know you’re hunting for the best rate — not scurrying around applying for several mortgages, auto, or student loans. Remember, comparative shopping is always the smartest move to make, especially when you're financing a major purchase like a home.
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