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Technically, the lender’s quick credit check is a “soft pull” of your credit history. Such soft inquiries don’t show up on your credit report, so they won’t affect your credit score.
Getting preapproved for a mortgage usually means undergoing a hard credit pull, which causes a dip in your credit score. While a soft credit check mortgage preapproval is hard to come by, an ...
A co-borrower on a mortgage shares ownership of the property and responsibility for making mortgage payments. Adding a co-borrower to a mortgage can increase your chances of approval, get you a ...
Pros. Flexible credit and/or down payment requirements. No need to apply for a mortgage or undergo underwriting. Faster and less expensive closing
All new forms of debt appear on your credit report, including new mortgages. If you apply for a credit-qualifying FHA streamline refinance, the lender will do a hard credit pull that could lower ...
ARMs can save new homeowners serious money, but they're not for everyone.
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