Will this hurt my score

Submitted by Anonymous (not verified) on Mon, 08/02/2010 - 06:10
Forums

Hi,

I am just wondering, I want to meet with a realtor and start looking around at homes, but I don't know how much I can borrow etc. There is a just a 50 50 chance I will buy something, however right now I'm only seeing whats out there, and how much I can afford, etc.

So am I hurting my credit score by going through the pre-approval process? Is there some way for somebody who isn't 100% sold on the idea of buying a home to find out what he/she can afford without hurting their credit scores?

LOL.

Hi Elora,

If you don't apply for any loans, then your credit won't get hurt. Moreover, even if you apply for a loan with several company, within 14 days it won't hurt your score much. That is all the inquiries will be considered as one.

Thanks,

Aaron

Mon, 08/02/2010 - 10:07 Permalink