FAQ

Credit Scores

9 questions

How does my credit score affect my mortgage?

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Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Typically, the higher your score, the lower the interest rate you will qualify for.

How can I get my credit report?

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You are entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies.

What is a hard credit check?

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hard inquiry, or a “hard pull,” occurs when you apply for a new line of credit, such as a credit card or loan.  Hard inquiries show up on your credit report and can affect your credit score. So it’s important to understand when they happen, how they’ll impact you and why it’s best to keep them to a minimum.

What if I think my score is incorrect?

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If you think there’s a mistake in your credit scores, you can contact the bureaus direct below :

Equifax
Equifax.com/personal/credit-report-services
800-685-1111

Experian
Experian.com/help
888-EXPERIAN 888-397-3742

Transunion
TransUnion.com/credit-help
888-909-8872

What if I don’t recognize a credit line that’s listed on my report?

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If you are still unsure, you should contact the companies directly. They should be able to provide you with further information on what the tradeline is and why its there.

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How do multiple credit checks work?

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If you are shopping for a mortgage loan, generally multiple hard inquires with a certain time period for a home loan are counted as one inquiry. The period of time may vary depending on the credit scoring model used, but its typically from 14 to 45 days.